1506 - Intellectual Property India-2025

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If you use the intellectual property you own for business purposes, its generally considered a Section 1231 asset, or an ordinary asset. This means that if you sell IP, youll need to report this income on your tax return.
Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce.
Section 185. The fair use of a copyrighted work for criticism, comment, news reporting, teaching including limited number of copies for classroom use, scholarship, research, and similar purposes is not an infringement of copyright.
Examples of intellectual property violations: Using a companys trademarked logo without permission. Including music in a video without the artists consent. Manufacturing knockoff products of patented designs. Copying written works using a photocopier without authorization.
The Indian Patent Office website provides a free search system for Indian patent information called InPASS (Indian Patent Advanced Search System). The system allows full text searches for published patent applications, granted patents and legal status information for Indian patents.
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(b) in the case of works being sound recordings or cinematograph films--bodies incorporated under the law of a country specified in the regulations. (b) the Minister must have regard to the nature and extent of that lack of protection.
Understanding the different types of intellectual property is an important knowledge that all in-house counsel should master. Patents, trademarks, copyrights, and trade secrets are valuable assets of the company and understanding how they work and how they are created is critical to knowing how to protect them.
Intellectual property in India refers to the patents, copyrights and other intangible assets in India. Indias colonial history has significantly influenced its intellectual property (IP) laws.

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