Categorize Line License For Free

The tax expense is what an entity has determined is owed in taxes based on standard business accounting rules. This charge is reported on the income statement. The tax payable is the actual amount owed in taxes based on the rules of the tax code.

Licensing as a revenue model for technology products. A licensing revenue model allows technology producers to monetize their new technology products by licensing them to other companies so that they may be integrated into an end-product.

A licensing arrangement provides the opportunity for the brand owner and the manufacturer to share insights and knowledge across multiple disciplines including product development, marketing, R&D and sales. 10. The brand owner to capture royalty revenue through the manufacturer's sales of licensed product.

A product (or merchandise) license allows licensees to leverage popular IP to create branded products, usually for a specific period of time. Once the rights have been secured, the licensee manufactures product using the licensed IP, and in return pays the licensor a royalty for its use.

Line of authority means a line of insurance of a particular subject matter area within a license type for which the commissioner may grant authority to do business.

Bharti Hexacom Limited (supra) he submitted that the Hon'ble High Court in the said decision has unequivocally and categorically held that the licence fee paid under the revenue share regime is clearly a tax deductible expenditure and has to be allowed u/s 37(1) of the Act.

The professional dues deduction for employees has been suspended for tax years 2018 through 2025 per the Tax Cuts and Jobs Act that was signed into law in late 2017. Prior to that, they were partially deductible as a miscellaneous itemized deduction under the 2% rule.