Tax on income from patent  - Section 115BBF

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..... balance of income. No deduction on Expense - no deduction in respect of any expenditure or allowance shall be allowed to the eligible assessee under any provision of this Act in computing his income referred above Option to opt for this section - The eligible assessee may exercise the option for taxation of income by way of royalty in respect of a patent under this section on or before the due dat .....

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..... 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 patent shall have the meaning assigned to it in clause (m) of section 2(1) of the Patents Act; - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management India - taxmanagementindia - taxmanagement - taxma .....

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