Rule 134: assessee under section 194(1)[Table: Sl. No. 2], the eligible assessee shall furnish Form No. 65.

Bare law

Rule 134 - assessee under section 194(1)[Table: Sl. No. 2], the eligible assessee shall furnish Form No. 65.

134. (1) For the purpose of exercising the option for taxation of income as royalty in respect of a patent developed and registered in India, by an eligible assessee under section 194(1)[Table: Sl. No. 2], the eligible assessee shall furnish Form No. 65. (2) The form referred to in sub-rule (1) shall be furnished on or before the due date specified in section 263(1)(c) for filing the return of income for the relevant tax year, if the option is exercised for that tax year.

Calculation of net winnings from online games for purpose of section 194(1) [Table: Sl. No. 5].

Rule breakdown

Key takeaways

FAQs