https://www.taxtmi.com/manuals?id=2827 Royalty income from a patent developed and registered in India is taxable at 10% under a special regime, with no deduction allowed for expenditure in computing that royalty income. An eligible assessee may opt for taxation under this section by the due date under section 139(1); failure to continue to report the income as required in any of the succeeding five assessment years causes forfeiture of the special regime for five subsequent assessment years. A deduction under section 80RRB is available subject to a statutory limit. "Developed" requires at least 75% of expenditure incurred in India. en-us Tue, 06 Jun 2023 13:15:00 +0530 Fri, 17 May 2024 15:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2827 Royalty income from a patent developed and registered in India is taxable at 10% under a special regime, with no deduction allowed for expenditure in computing that royalty income. An eligible assessee may opt for taxation under this section by the due date under section 139(1); failure to continue to report the income as required in any of the succeeding five assessment years causes forfeiture of the special regime for five subsequent assessment years. A deduction under section 80RRB is available subject to a statutory limit. "Developed" requires at least 75% of expenditure incurred in India. Manuals Income Tax Tue, 06 Jun 2023 13:15:00 +0530 https://www.taxtmi.com/manuals?id=2827