Certificate requirements for royalty income: prescribed forms must be furnished and filed with returns; foreign exchange authority specified. The amendment mandates that payments to authors in respect of royalties or lump-sum rights be supported by a verified certificate in Form No. 10CCD furnished by the person responsible for payment and filed with the return of income; it also prescribes Form No. 10H for related deduction claims and designates the Reserve Bank or other authorised foreign-exchange authority as the prescribed authority for specified certifications.
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.
Certificate requirements for royalty income: prescribed forms must be furnished and filed with returns; foreign exchange authority specified.
The amendment mandates that payments to authors in respect of royalties or lump-sum rights be supported by a verified certificate in Form No. 10CCD furnished by the person responsible for payment and filed with the return of income; it also prescribes Form No. 10H for related deduction claims and designates the Reserve Bank or other authorised foreign-exchange authority as the prescribed authority for specified certifications.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
