https://www.taxtmi.com/acts?id=20438 A special tax regime requires a resident patentee's patent royalty income arising from patents developed and registered in India to be taxed by aggregating a separate tax on the royalty at a fixed rate with the tax on the assessor's remaining income after excluding that royalty, while expressly disallowing any deduction or allowance in computing the royalty component; the section also defines key terms such as eligible assessee, developed, royalty, lump sum, patentee, and true and first inventor. en-us Mon, 29 Feb 2016 16:44:11 +0530 Mon, 29 Feb 2016 16:44:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20438 A special tax regime requires a resident patentee's patent royalty income arising from patents developed and registered in India to be taxed by aggregating a separate tax on the royalty at a fixed rate with the tax on the assessor's remaining income after excluding that royalty, while expressly disallowing any deduction or allowance in computing the royalty component; the section also defines key terms such as eligible assessee, developed, royalty, lump sum, patentee, and true and first inventor. Act-Rules Bill Mon, 29 Feb 2016 16:44:11 +0530 https://www.taxtmi.com/acts?id=20438