Deduction for book publication profits: taxable profits eligible for a specific deduction, excluding periodicals and adjusted for other deductions. A deduction is allowed for profits and gains from the business of printing and publication of books for specified assessment years, with "books" excluding ... Summary
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Deduction for book publication profits: taxable profits eligible for a specific deduction, excluding periodicals and adjusted for other deductions.
A deduction is allowed for profits and gains from the business of printing and publication of books for specified assessment years, with "books" excluding newspapers, journals, magazines, diaries, brochures, tracts, pamphlets and similar publications. If the assessee also claims specified other deductions in respect of the same profits, the book-publication deduction is computed after reducing the relevant profits by those other deductions.
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