Royalty taxation option for patent income requires eligible assessees to file the prescribed form by the return due date. Option for taxation of income as royalty in respect of a patent developed and registered in India may be exercised by an eligible assessee by furnishing ... Summary
Royalty taxation option for patent income requires eligible assessees to file the prescribed form by the return due date.
Option for taxation of income as royalty in respect of a patent developed and registered in India may be exercised by an eligible assessee by furnishing Form No. 65. The form must be filed on or before the due date for filing the return of income for the relevant tax year, where the option is exercised for that year.
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