Finance Act, 1971

Allowance of cost of registration of trade marks as a deduction.

5.—Notwithstanding anything in section 61 of the Income Tax Act, 1967 , in computing the amount of the profits or gains of any trade, there shall be allowed to be deducted as expenses any feespaid or expenses incurred in obtaining, for the purposes of the trade, the registration of a trade mark or the renewal of registration of a trade mark.