https://www.taxtmi.com/manuals?id=908 Deduction in respect of royalty on patents is available to a resident individual patentee for royalty from an eligible patent registered under the Patents Act, 1970 and granted on or after 1 April 2003. Royalty includes consideration for transfer or licence of patent rights, use of the patent, and related services, but excludes capital gains and sale consideration for products made using the patented process or article. The deduction is limited to the actual royalty or the prescribed cap, whichever is lower, subject to foreign remittance and certificate requirements. en-us Wed, 12 Aug 2015 18:37:00 +0530 Tue, 07 Jul 2026 14:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=908 Deduction in respect of royalty on patents is available to a resident individual patentee for royalty from an eligible patent registered under the Patents Act, 1970 and granted on or after 1 April 2003. Royalty includes consideration for transfer or licence of patent rights, use of the patent, and related services, but excludes capital gains and sale consideration for products made using the patented process or article. The deduction is limited to the actual royalty or the prescribed cap, whichever is lower, subject to foreign remittance and certificate requirements. Manuals Income Tax Wed, 12 Aug 2015 18:37:00 +0530 https://www.taxtmi.com/manuals?id=908