Section 80 RRB the Income-tax Act, 1961 deals with deduction from gross total income in respect of income by way of

Correct option is C

Correct Answer:
(c) Royalty on Patents

Explanation:

Section 80RRB of the Income Tax Act, 1961 provides a deduction for income earned as royalty on patents. This deduction is available to individual patentees who have registered their patent under the Patents Act, 1970. The maximum deduction allowed under this section is ₹3,00,000 per year, and the individual must be an Indian resident to claim this benefit.