Tag: Income Tax Act

The Patent Box Regime in India

Section 115BBF of the Finance Bill, 2016[1] introduced the Patent Box Regime in India. Patent Box Regime is an effort which enables an inventor to benefit through tax concessions on the royalty income. The first country to enforce it was Ireland and hence, the name is derived from its tax form. Need for the Patent … Continue reading The Patent Box Regime in India

Read more »

Linking of Aadhaar Card to PAN Mandatory for the Assesment Year 2019-2020. – Supreme Court of India

Aadhaar as everyone know is a 12-digit unique identity number that can be obtained by residents of India, based on their biometric and demographic data. Indian government has formed Unique Identification Authority of India (UIDAI), a statutory authority for collection of Data. Aadhaar is the world’s largest biometric ID system. World Bank Chief Economist Paul Romer described Aadhaar as “the … Continue reading Linking of Aadhaar Card to PAN Mandatory for the Assesment Year 2019-2020. – Supreme Court of India

Read more »