Form for Opting for taxation of income by way of royalty in respect of Patent
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....ssessee: (d) Nature of business or activities of the assessee: (e) Status 2. Whether the option for offering the income by way of royalty in respect of a patent as per section 115BBF is to be exercised for the assessment year? Yes/No (i) if yes, following details be provided,- (l) previous year ended: (2) assessment year: (3) date of furnishing of return of income for the assessment y....
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.... Remarks A. Patent Details (a) Patent Number granted under the Patents Act, 1970. (b) Date of grant of patent under the Patents Act, 1970. (c) Description of the patent developed and registered in India containing the invention, patent article and patent process as detailed out in section 2 of the Patents Act. (d) Whether the patent is granted to single persons: If Yes: Name of the ....
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....ed on eligible patent (a) Total expenditure incurred on the patent asseseee for any invention in respect of which patent is granted under the patents Act, 1970. (b) Expenditure incurred in India by the eligible asseseee for any invention in respect of which patent is granted under the patents Act, 1970. (c) Expenditure incurred outside India by the eligible asseseee for any invention in resp....
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