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of <h1>Income-tax Amendment Introduces Rule 19AD and Form 10CCE for Patentees' Royalty Income Compliance u/s 80RRB.</h1> The Income-tax (Eighteenth Amendment) Rules, 2003, effective from their publication date, amend the Income-tax Rules, 1962. Under these amendments, Rule 19AD is introduced, specifying that the prescribed authority for section 80RRB of the Income-tax Act, 1961, is the Controller as per the Patents Act, 1970. A new Form No. 10CCE is added for patentees receiving royalty income, requiring details about the patent, patentee, royalty agreement, and payments. The form includes sections for verification by the assessee and certification by the prescribed authority, ensuring compliance with section 80RRB for tax deductions on royalty income.
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