Deduction for authors' foreign earnings applies to net income after allowable expenses, not gross foreign receipts. Deduction for foreign professional income of resident authors, playwrights, musicians or actors is allowable only when repatriated in accordance with foreign exchange law and must be calculated with reference to gross total income as defined-i.e., income after allowing expenses of earning-so the deduction under section 80RR applies to net income, not gross foreign receipts.
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 for authors' foreign earnings applies to net income after allowable expenses, not gross foreign receipts.
Deduction for foreign professional income of resident authors, playwrights, musicians or actors is allowable only when repatriated in accordance with foreign exchange law and must be calculated with reference to gross total income as defined-i.e., income after allowing expenses of earning-so the deduction under section 80RR applies to net income, not gross foreign receipts.
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