Can Author Claim Deduction for Royalty on Text Book ?

0
1443
Print Friendly, PDF & Email

Income Tax Act provides deductions exclusively to authors who earns royalty on books . These deductions are provided under section 80QQA and 80QQB of the I.T.Act . While the provision u/s 80QQA is for deduction of 25 % on income for writing of text books for college or university , the deduction u/s 80QQB is…

This content is for annual and Semi Annual members only.
Log In Register