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of <h1>Income-tax Act Section 115A Amended: New Provisions for Copyright Royalties in India, Approval Requirement Removed for Certain Imports.</h1> Section 115A of the Income-tax Act is amended, effective April 1, 1978, to modify sub-section (1) by including references to sub-sections (1A) and (2). A new sub-section (1A) is added, addressing royalties from the transfer of rights in copyright books to Indian entities. The amendment stipulates that the approval requirement by the Central Government is omitted for such royalties, provided the books are permitted for import under an Open General Licence according to India's Import Trade Control Policy for the specified period. 'Open General Licence' refers to a licence issued under the Imports (Control) Order, 1955.
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