In a conversation with Shradha Sharma, Founder and CEO of YourStory, Ajay Data, MD of the Data Group of Industries, discusses ...

A patent grants property rights to the inventor of a process, design, or invention for a set time in exchange for a comprehensive disclosure of the invention.

For tax purposes, a deductible is an expense that can be subtracted from adjusted gross income in order to reduce the total amount of taxes owed.