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of <h1>Tax Break for Book Publishers: 20% Deduction on Profits from Printing and Publishing Literary Works Under Section 80Q</h1> Section 80Q provides a tax deduction of 20% for profits and gains derived from the business of printing and publishing books in India. The deduction applies to assessment years starting from April 1, 1992, and the subsequent four years. If the assessee is eligible for other deductions under various sections, the deduction will be calculated on the reduced profits. The definition of 'books' excludes newspapers, journals, magazines, diaries, brochures, pamphlets, and similar publications.
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