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of <h1>Tax Break for Creative Pros: Section 80RR Offers Deductions on Foreign Income for Indian Artists, Musicians, and Athletes</h1> Section 80RR provides tax deductions for Indian residents in creative and athletic professions who earn income from foreign sources. Professionals like authors, musicians, actors, and sportspeople can claim a percentage deduction on foreign-sourced professional income brought into India within six months. The deduction percentage varies by assessment year, decreasing from 60% to 15% between 2001-2004. A certificate must be furnished with the income tax return to claim this deduction, and the competent authority for regulation is the Reserve Bank of India.
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