Deduction for foreign professional income: allowed for resident authors, artists, musicians and actors when income is brought into India under exchange rules. Section 80RR permits a deduction from gross total income for resident individuals (authors, playwrights, artists, musicians, actors) in respect of ... Summary
Deduction for foreign professional income: allowed for resident authors, artists, musicians and actors when income is brought into India under exchange rules.
Section 80RR permits a deduction from gross total income for resident individuals (authors, playwrights, artists, musicians, actors) in respect of professional income derived from a foreign State or non-resident person that is received in, or brought into, India in accordance with the Foreign Exchange Regulation Act, 1947; the deduction equals a fixed percentage of the income so received or brought and applies when such income is included in the individual's total income.
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