Deduction in respect of royalty on patents.

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....d on or after the 1st April, 2003 under the Patents Act, 1970 (39 of 1970); and.; (d) having gross total income for the tax year which includes royalty, shall be allowed a deduction from such income computed in the manner specified in sub-sections (2) to (7). (2) The deduction under this section shall be equal to the whole of such income referred to in sub-section (1) or Rs. 300000,....

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.... under this section shall be allowed unless the assessee furnishes a certificate in the prescribed form, duly signed by the authority as may be prescribed, along with the return of income setting forth such particulars as may be prescribed. (6) No deduction under this section shall be allowed in respect of any income earned from any source outside India, unless the assessee furnishes a certific....

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....tents Act, 1970 (39 of 1970), including joint patentees recorded as such true and first inventors; (e) "patent of addition" shall have the same meaning as assigned to it in section 2(1)(q) of the Patents Act, 1970 (39 of 1970); (f) "patented article" and "patented process" shall have the same meanings as assigned to them in section 2(1)(o) of the Patents Act, 1970 (39 of 1970); ....