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# innovators

1 posts in `innovators` tag

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Income tax

Tax Relief for Innovators: All About Section 80RRB

Individuals who get royalties from patents may deduct up to ₹3,00,000 under Section 80RRB of the Income Tax Act, 1961. By lowering inventors' taxable income, this clause promotes innovation. Learn about the deduction's eligibility, requirements, and application procedure.