https://www.taxtmi.com/acts?id=46580 A new deduction permits a portion of a resident individual author's income from copyright assignments, lump sum payments (including non returnable advances), and royalties for qualifying books to be deducted from total income for the assessment year commencing 1 April 1980 and the four immediately following assessment years, provided the book is a dictionary, thesaurus, encyclopedia or a university prescribed/recommended text and is written in an Eighth Schedule language or a language notified by the Central Government; joint authors are included. en-us Tue, 24 Dec 2024 16:12:40 +0530 Tue, 24 Dec 2024 16:12:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46580 A new deduction permits a portion of a resident individual author's income from copyright assignments, lump sum payments (including non returnable advances), and royalties for qualifying books to be deducted from total income for the assessment year commencing 1 April 1980 and the four immediately following assessment years, provided the book is a dictionary, thesaurus, encyclopedia or a university prescribed/recommended text and is written in an Eighth Schedule language or a language notified by the Central Government; joint authors are included. Act-Rules F. Acts / Amendment Acts Tue, 24 Dec 2024 16:12:40 +0530 https://www.taxtmi.com/acts?id=46580