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An IP perspective on the Union Budget 2016 Part I – SpicyIP

By Ritvik Kulkarni, Spicy IP Fellowship applicant Union Budget 2016: The Finance Minister proposes Tax Sops on IP exploitation and Sobs on R&D Expenditure (Part I) (Read part II here) The Finance Minister (“FM”) has announced favourable policies for the innovation industry in this year’s Union Budget. FM Arun Jaitley has announced four main IP-based tax developments in the budget. They are briefly : 1. 100% tax deduction on profits of innovation based startups for the first 3 years 2. Concessional 10% tax rate to be imposed on income received from exploitation of Indian patents anywhere in the world 3. 10% tax rebate for Indian pharmaceutical companies on earnings from global patent filings 4. 50% tax reduction in the 200% weighted tax deduction for R&D expenditure India has recently not been faring well at various international IP appraisals. For instance,…

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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