Tax on sale/license of proprietary (patented) work

191 views 1 replies

Hi,

Say, a resident Indian citizen (an individual, NOT a company) has invented a  particular method/process/technology. He does not have any patent on that. But, he sells that technology to a foreign company, and receives a big amount in forex (US Dollars) in his savings account at a bank in India. 

 

What all different taxes will be payable on such income? Will it be only the income tax as per the individual person's tax slab, or is he required to pay any other taxes like corporate tax, GST, etc., because this sale is made by the individual to a foreign company and receipt is in forex.

 

Thanks

Replies (1)

No reply at all?? Is it so complicated???

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details