https://www.taxtmi.com/acts?id=51517 Section 85C, now omitted, formerly provided a deduction where an Indian company's income included royalties, commissions, fees or similar payments from a foreign company for use of intellectual property or for technical services under an agreement approved by the Central Government before the relevant assessment-year cutoff; the deduction reduced the income-tax on total income by the amount of tax at the average rate on that specified income that exceeded twenty-five per cent of the specified income. en-us Fri, 13 Jun 2025 12:55:40 +0530 Thu, 28 Aug 2025 13:15:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51517 Section 85C, now omitted, formerly provided a deduction where an Indian company's income included royalties, commissions, fees or similar payments from a foreign company for use of intellectual property or for technical services under an agreement approved by the Central Government before the relevant assessment-year cutoff; the deduction reduced the income-tax on total income by the amount of tax at the average rate on that specified income that exceeded twenty-five per cent of the specified income. Act-Rules Income Tax Fri, 13 Jun 2025 12:55:40 +0530 https://www.taxtmi.com/acts?id=51517