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Income Tax Deduction under section 80QQB

Applicability

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.

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