Tag Archives: Tax on income from patent

Tax on income from patent

Tax on income from patent Section – 54, Finance Acts – 2016 has introduced new section 115BBF for tax on Income from patent After section 115BBE of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2017, namely:— 115BBF. Tax on income from patent.—(1) Where the total income… Read More »