https://www.taxtmi.com/acts?id=51682 Deduction for royalty and copyright income of resident individual authors permits an allowance equal to the income or a specified monetary cap, whichever is less, for assignments, grants or royalties relating to books other than text books; non lump sum receipts are adjusted by ignoring the portion exceeding fifteen percent of the value of books sold before expenses; foreign income is included only if repatriated in convertible foreign exchange within six months (or extended by competent authority); prescribed certificates from the payer and, for foreign income, from a prescribed authority are required; the deduction is exclusive of other Act provisions. en-us Thu, 14 Aug 2025 11:07:22 +0530 Wed, 27 Aug 2025 14:47:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51682 Deduction for royalty and copyright income of resident individual authors permits an allowance equal to the income or a specified monetary cap, whichever is less, for assignments, grants or royalties relating to books other than text books; non lump sum receipts are adjusted by ignoring the portion exceeding fifteen percent of the value of books sold before expenses; foreign income is included only if repatriated in convertible foreign exchange within six months (or extended by competent authority); prescribed certificates from the payer and, for foreign income, from a prescribed authority are required; the deduction is exclusive of other Act provisions. Act-Rules Income Tax Thu, 14 Aug 2025 11:07:22 +0530 https://www.taxtmi.com/acts?id=51682