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of <h1>Patentees in India can claim deductions on royalty income from post-2003 patents, with conditions on foreign income and licensing.</h1> An individual resident in India, who is a patentee earning royalty income from patents registered after April 1, 2003, can claim a deduction on such income. The deduction is the lesser of the entire royalty income or three lakh rupees. If a compulsory license is issued, the deductible royalty cannot exceed the amount set by the Controller. Income from foreign sources must be brought into India within six months to qualify for deductions. A prescribed certificate must accompany the income return to claim the deduction. Definitions are provided for terms such as 'Controller,' 'patentee,' and 'royalty.'
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