TaxTMI 
TaxTMI 
Royalty
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....d be the income of the recipient chargeable under the head "Capital gains") for the following-- (i) the transfer or grant of all or any rights (including the granting of a licence) in respect of a patent, invention, model, design, secret formula or process or trade mark or similar property; (ii) the imparting of any information concerning the working of, or the use of, a patent, invention, m....
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....ing of services in connection with the activities referred to in sub-clauses (i) to (vi); Section 9(6)(c) for the purposes of clause (b),-- (i) the transfer or grant of all or any rights in respect of any right, property or information includes transfer or grant of all or any right for use or right to use a computer software (including granting of a licence) irrespective of the medium thr....
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.... programme or any customised electronic data. Definition as per the Income-tax Act, 1961 Section 194J - Explanation "royalty" shall have the same meaning as in Explanation 2 to clause (vi) of sub-section (1) of section 9 Explanation 2 to Section 9(1)(vi) For the purposes of this clause, "royalty" means consideration (including any lump sum consideration but excluding any considerati....
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....nt but not including the amounts referred to in section 44BB; (v) the transfer of all or any rights (including the granting of a licence) in respect of any copyright, literary, artistic or scientific work including films or video tapes for use in connection with television or tapes for use in connection with radio broadcasting ; or (vi) the rendering of any services in connection with t....