Tax Management India. Com
TMI - Tax Management India. Com
Case Laws Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Manuals Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

Tax on income from patent.

Section 115BBF - Act - DETERMINATION OF TAX IN CERTAIN SPECIAL CASES - Income-tax Act, 1961 - Section 115BBF - 1[ 115BBF. (1) Where the total income of an eligible assessee includes any income by way of royalty in respect of a patent developed and re .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ee would have been chargeable had his total income been reduced by the income referred to in clause (a). (2) Notwithstanding anything contained in this Act, no deduction in respect of any expenditure or allowance shall be allowed to the eligible asse .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ndia in accordance with the provisions of this section, in the prescribed manner, on or before the due date specified under sub-section (1) of section 139 for furnishing the return of income for the relevant previous year. (4) Where an eligible asses .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

essment years relevant to the previous year succeeding the previous year not in accordance with the provisions of sub-section (1), then, the assessee shall not be eligible to claim the benefit of the provisions of this section for five assessment yea .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

enty-five per cent. of the expenditure incurred in India by the eligible assessee for any invention in respect of which a patent is granted under the Patents Act, 1970 (39 of 1970.) (herein referred to as the Patents Act); (b) eligible assessee means .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

t returnable; (e) patent shall have the meaning assigned to it in clause (m) of sub-section (1) of section 2 of the Patents Act; (f) patentee means the person, being the true and first inventor of the invention, whose name is entered on the patent re .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

d article and patented process shall have the meanings respectively assigned to them in clause (o) of sub-section (1) of section 2 of the Patents Act; (h) royalty , in respect of a patent, means consideration (including any lump sum consideration but .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version