Deduction under section 80Q: publishers may claim a specified percentage allowance on book publishing profits for limited assessment years. The Finance (No. 2) Act, 1991 introduced a temporary deduction for profits from printing and publication of books, effective from 1 April 1992; an allowance equal to a specified percentage of such profits is deductible subject to the section's other conditions. The concession applies for the five assessment years beginning with assessment year 1992-93 and is to be allowed only if statutory eligibility requirements are met.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deduction under section 80Q: publishers may claim a specified percentage allowance on book publishing profits for limited assessment years.
The Finance (No. 2) Act, 1991 introduced a temporary deduction for profits from printing and publication of books, effective from 1 April 1992; an allowance equal to a specified percentage of such profits is deductible subject to the section's other conditions. The concession applies for the five assessment years beginning with assessment year 1992-93 and is to be allowed only if statutory eligibility requirements are met.
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