Section 80QQ - Omitted - Income-tax Act, 1961

80QQ. 12 [ **** ] **************** NOTES:- 1. Inserted vide Section 21 of the Taxation Laws (Amendment) Act, 1970 w.e.f. 01-04-1971 2. Substituted vide Section 12 of the Direct Taxes (Amendment) Act, 1974 w.e.f. 01-04-1974 before it was read as, section 80H or section 80J 3. Substituted vide Section 12 of the Direct Taxes (Amendment) Act, 1974 w.e.f. 01-04-1974 before it was read as, sections 80H, 80J and 80P 4. Substituted vide Section 16 of the Finance Act, 1975 w.e.f. 01-04-1975 before it was read as, four assessment years 5. Omitted vide Section 25 of the Taxation Laws (Amendment) Act, 1975 w.e.f. 01-04-1976 before it was read as, section 80H or 6. Omitted vide Section 25 of the Taxation Laws (Amendment) Act, 1975 w.e.f. 01-04-1976 before it was read as, section 80H, 7. Substituted vide Section 29 of the Finance (No. 2) Act, 1977 w.e.f. 01-04-1978 before it was read as, section 80HH or section 80J 8. Substituted vide Section 29 of the Finance (No. 2) Act, 1977 w.e.f. 01-04-1978 before it was read as, section 80HH, section 80J 9. Substituted vide Section 12 of the Finance Act, 1981 w.e.f. 01-04-1981 before it was read as, 4 [ nine assessment years ] 10. Substituted vide Section 12 of the Finance Act, 1981 w.e.f. 01-04-1981 before it was read as, section 80HHA or 11. Substituted vide Section 12 of the Finance Act, 1981 w.e.f. 01-04-1981 before it was read as, section 80J 12. Omitted vide Section 28 of the Direct Tax Laws (Amendment) Act, 1987 w.e.f. 01-04-1989 before it was read as, 1 [Deduction in respect of profits and gains from the business of publication of books. 80QQ. (1) Where in the case of an assessee the gross total income of the previous year relevant to the assessment year commencing on the 1st day of April, 1971, or to any one of the 9 [ fourteen assessment years ] next following that assessment year, includes any profits and gains derived from a business carried on in India of printing and publication of books or publication of books, there shall, in accordance with and subject to the provisions of this section, be allowed, in computing the total income of the assessee, a deduction from such profits and gains of an amount equal to twenty per cent. thereof. (2) In a case where the assessee is entitled also to the deduction under 2 [ 5 [****] 7 [ section 80HH or 10 [ section 80HHA or section 80-I or ] section 80J ]] or section 80P, in relation to any part of the profits and gains referred to in sub-section (1), the deduction under sub-section (1) shall be allowed with reference to such profits and gains included in the gross total income as reduced by the deductions under 3 [ 6 [****] 8 [ section 80HH, section 80HHA, 11 [ section 80-I, section 80J ]] and section 80P ] . (3) For the purposes of this section, books shall not include newspapers, journals, magazines, diaries, brochures, tracts, pamphlets and other publications of a similar nature, by whatever name called. ]