he maximum amount of deduction (in terms of ₹) in the case of an individual who is resident in India, a patentee, and in receipt of income by way of royalty in respect of a patent registered on or after the first day of April 2003 under the Patents Act, 1970 is allowed:

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Question:he maximum amount of deduction (in terms of ₹) in the case of an individual who is resident in India, a patentee, and in receipt of income by way of royalty in respect of a patent registered on or after the first day of April 2003 under the Patents Act, 1970 is allowed:

1. 100% of such income

2. 50% of such income

3. ₹ 3 lakh

4.No such deduction under the Act

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  1. he maximum amount of deduction (in terms of ₹) in the case of an individual who is resident in India, a patentee, and in receipt of income by way of royalty in respect of a patent registered on or after the first day of April 2003 under the Patents Act, 1970 is allowed:
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