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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Section 80QQ: Publishers of Student Books Eligible for 20% Income Tax Deduction, Excluding Newspapers and Magazines.</h1> A provision in section 80QQ of the Income-tax Act, 1961, offers a 20% deduction on taxable income for businesses in India engaged in printing and publishing books, or solely publishing, provided the books are also published by the printer. This excludes newspapers, journals, magazines, diaries, brochures, tracts, pamphlets, and similar publications. Concerns were raised about tax officers denying this benefit to publishers of student books. The Board clarified that, aside from the explicitly excluded items, publishers should not be denied this deduction for books intended for student use.
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