https://www.taxtmi.com/news?id=71896 Form 65 is the prescribed income-tax application by which a resident assessee opts for concessional taxation on royalty income from a patent developed and registered in India. The form enables taxation at a flat 10% rate on gross royalty, with surcharge and cess, subject to conditions including denial of deductions, Indian patent registration, and development in India. The option must be filed electronically by the return due date, cannot be revised or withdrawn for that year, and carries a five-tax-year lock-in. en-us Fri, 27 Mar 2026 18:15:57 +0530 Fri, 27 Mar 2026 18:15:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=71896 Form 65 is the prescribed income-tax application by which a resident assessee opts for concessional taxation on royalty income from a patent developed and registered in India. The form enables taxation at a flat 10% rate on gross royalty, with surcharge and cess, subject to conditions including denial of deductions, Indian patent registration, and development in India. The option must be filed electronically by the return due date, cannot be revised or withdrawn for that year, and carries a five-tax-year lock-in. News - Fri, 27 Mar 2026 18:15:57 +0530 https://www.taxtmi.com/news?id=71896