Form for Opting for taxation of income by way of royalty in respect of Patent

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..... ) Address of the assessee: (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 i .....

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..... Sl. No Particulars in respect of patent 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 .....

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..... information concerning the working of, or the use of, a patent; (iii) Use of any patent; (iv) rendering of any services in connection with the activities referred to in sub-clause (i) to (ii) C. Expenditure incurred on eligible patent (a) Total expenditure incurred on the patent asseseee for any invention in respect of which .....

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..... year or first of the relevant assessment years, as the case may be, to be provided. ** Particulars of each eligible patent should be reported separately along with royalty income and expenditure incurred details. *** The form should be furnished and verified by the person authorised to sign the return of income under section 140. *********** NOTES:- 1. Substituted vid .....

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