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of <h1>Section 35A: Deduct Capital Expenditure on Patents and Copyrights Over 14 Years with Tax Adjustments for Sales</h1> Section 35A of the Income-tax Act, introduced by the Finance Act of 1966, allows deductions for capital expenditure incurred after February 28, 1966, on acquiring patent rights or copyrights for business use. The deduction is spread over fourteen years, starting from the year of expenditure or business commencement. If rights end or are sold, deductions cease, and adjustments are made based on sale proceeds. If sale proceeds exceed the remaining unallowed cost, the excess is taxable. If rights are partially sold, deductions are recalculated by subtracting sale proceeds from the unallowed cost and dividing by remaining relevant years.
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