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of <h1>Resident authors can deduct copyright assignment or royalty income up to actual receipts or Rs.3 lakh; conditions and documentation apply</h1> Where a resident individual author earns income from lump-sum consideration for assignment/grant of copyright or from royalties/copyright fees for books (excluding textbooks, journals, newspapers, pamphlets, guides, brochures and similar publications), a deduction is allowed equal to that income or Rs. 3 lakh, whichever is less. If royalties are not lump-sum, income in excess of 15% of the value of books sold (before attributable expenses) is disregarded. Foreign-source income qualifies only if repatriated in convertible foreign exchange within six months (or extended by the competent authority). Prescribed certificates from the payer or authority must be furnished with the return, and such income cannot be deducted under any other provision.
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