Deduction for authors: resident individuals may deduct assignment or royalty income from qualifying books under specified limits. A deduction is available to a resident individual author for income from lumpsum consideration for assignment or grant of any interest in the copyright of a book, or for royalty or copyright fees (whether lumpsum or otherwise), provided such income is included in gross total income from ordinary sources; the deduction is limited to the amount of such income to the extent it does not exceed three lakh rupees, and certain publications (brochures, commentaries, diaries, guides, journals, magazines, newspapers, pamphlets, tracts and similar publications) are excluded from the definition of 'books.'
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deduction for authors: resident individuals may deduct assignment or royalty income from qualifying books under specified limits.
A deduction is available to a resident individual author for income from lumpsum consideration for assignment or grant of any interest in the copyright of a book, or for royalty or copyright fees (whether lumpsum or otherwise), provided such income is included in gross total income from ordinary sources; the deduction is limited to the amount of such income to the extent it does not exceed three lakh rupees, and certain publications (brochures, commentaries, diaries, guides, journals, magazines, newspapers, pamphlets, tracts and similar publications) are excluded from the definition of "books."
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