Royalty Income

Tax Glossary Definition

Royalty Income

Royalty income refers to payments received for the use of intellectual property such as patents, copyrights, trademarks, or other intangible assets. This income is taxable under the head “Income from Other Sources” or “Profits and Gains of Business/Profession,” depending on the nature of the arrangement.

Example: ₹1 lakh received as royalty for licensing software is taxable as income.

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