Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
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of <h1>Authors can claim tax deductions on royalties from certified books, capped at 300,000 rupees, under specific conditions.</h1> A resident individual author is eligible for a tax deduction on certain royalty income if included in their gross total income from ordinary sources. The deduction applies to income from literary, artistic, or scientific books, or textbooks certified by a prescribed authority. Eligible income includes lump-sum payments or royalties from copyright interests. The deduction is capped at 300,000 rupees. The term 'books' excludes brochures, commentaries, diaries, guides, journals, magazines, newspapers, pamphlets, tracts, and similar publications.
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