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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>CBDT Guidelines: Authors Can Deduct 25% on Royalties Under Rs. 25,000 Without Detailed Accounts; Section 44AA(2) Applies.</h1> The circular from the Central Board of Direct Taxes (CBDT) outlines instructions for Indian authors and writers regarding the deduction of expenses from royalty income under the Income Tax Act, 1961. For royalties under Rs. 25,000 where detailed accounts aren't maintained, a deduction of 25% or Rs. 5,000 (whichever is less) is allowed without evidence. If royalties exceed Rs. 25,000, authors must maintain accounts per section 44AA(2). The relaxation doesn't apply to film-related writers, as they are required to maintain accounts under section 44AA(1).
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