Journal Press India^®

The idea of taxing money, goods, and services has long been popular throughout the world. Distinct tax categories have distinct goals and purposes. Sometimes economies may aim to discourage the domestic use of imported goods, and as a result, the tax on goods that are imported will be high. However, it’s interesting to note that intellectual property taxes are relatively new phenomena worldwide. Due to advances in science, technology, and quick communication, every nation can now access it. In India, there are various indirect ways to tax intellectual property. In this essay, we look at the various taxation rules for intellectual property that are covered under Indian laws.