Resident Individual - Author
Deduction Allowed on
Royalty income of authors of certain books other than text-books
Amount of Deduction
Maximum Amount of Deduction allowed does not exceed Rs. 3 Lakh
Details of Deduction
- Author can be Individual or Joint
- brochures, commentaries, diaries, guides, journals, magazines, newspapers, pamphlets, text-books for schools, tracts and other publications of similar nature of books are not allowed under this deduction
- Assessee required to furnishes a certificate, in the prescribed form from the prescribed authority, along with the return of income in the prescribed manner.
- Book should be a work of literary, artistic or scientific in nature.