https://www.taxtmi.com/acts?id=51683 An individual resident patentee may claim a deduction for royalty income from patents registered on or after 1 April 2003 equal to the whole royalty or a prescribed monetary cap, whichever is less. Royalties under a compulsory licence are capped at amounts fixed by the Controller. Foreign-sourced royalties qualify only if remitted in convertible foreign exchange within six months (or an authorized extended period), and prescribed certificates must be furnished with the return; the same royalty income cannot be deducted under any other provision once this deduction is claimed. en-us Thu, 14 Aug 2025 11:07:45 +0530 Wed, 27 Aug 2025 14:51:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51683 An individual resident patentee may claim a deduction for royalty income from patents registered on or after 1 April 2003 equal to the whole royalty or a prescribed monetary cap, whichever is less. Royalties under a compulsory licence are capped at amounts fixed by the Controller. Foreign-sourced royalties qualify only if remitted in convertible foreign exchange within six months (or an authorized extended period), and prescribed certificates must be furnished with the return; the same royalty income cannot be deducted under any other provision once this deduction is claimed. Act-Rules Income Tax Thu, 14 Aug 2025 11:07:45 +0530 https://www.taxtmi.com/acts?id=51683