https://www.taxtmi.com/news?id=71826 Form 38 is the prescribed statement to be filed with the return of income for claiming deduction in respect of foreign inward remittance from royalty income. It applies to an individual resident in India who is an author or patentee, must be certified by the receiving bank manager, and serves to evidence that the foreign royalty was brought into India within the prescribed period. The deduction is subject to the stated monetary ceiling for the financial year. en-us Thu, 26 Mar 2026 15:46:10 +0530 Thu, 26 Mar 2026 15:46:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71826 Form 38 is the prescribed statement to be filed with the return of income for claiming deduction in respect of foreign inward remittance from royalty income. It applies to an individual resident in India who is an author or patentee, must be certified by the receiving bank manager, and serves to evidence that the foreign royalty was brought into India within the prescribed period. The deduction is subject to the stated monetary ceiling for the financial year. News - Thu, 26 Mar 2026 15:46:10 +0530 https://www.taxtmi.com/news?id=71826