Deduction for profits from book publication allowed, subject to coordination with other specified deductions and exclusions. Where gross total income for the relevant assessment year includes profits from printing and publication of books, a deduction equal to twenty per cent of ... Summary
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Deduction for profits from book publication allowed, subject to coordination with other specified deductions and exclusions.
Where gross total income for the relevant assessment year includes profits from printing and publication of books, a deduction equal to twenty per cent of such profits is allowable; the deduction is computed after reducing those profits by specified other deductions claimed under certain sections, and "books" excludes newspapers, journals, magazines, diaries, brochures, tracts, pamphlets and similar publications.
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