Lump sum payments include non-returnable advances for royalties and copyright fees under income tax law. Definition of lump sum for purposes of specified provisions of the Income-tax Act: a lump sum in relation to royalties or copyright fees includes an advance payment on account of such royalties or copyright fees which is not returnable, and the same rule applies across the identified statutory provisions dealing with royalties and copyright fees.
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.
Lump sum payments include non-returnable advances for royalties and copyright fees under income tax law.
Definition of lump sum for purposes of specified provisions of the Income-tax Act: a lump sum in relation to royalties or copyright fees includes an advance payment on account of such royalties or copyright fees which is not returnable, and the same rule applies across the identified statutory provisions dealing with royalties and copyright fees.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.