TMI BlogDeduction in respect of royalty income, etc., of authors of certain books other than text-booksX X X X Extracts X X X X X X X X Extracts X X X X ..... gross total income includes any income, derived by him in the exercise of his profession, on account of any lump sum consideration for the assignment or grant of any of his interests in the copyright of any book being a work of literary, artistic or scientific nature, or of royalty or copyright fees (whether receivable in lump sum or otherwise) in respect of such book, there shall, in accordance ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... India, so much of the income shall be taken into account for the purpose of this section as is brought into India by, or on behalf of, the assessee in convertible foreign exchange within a period of six months from the end of the previous year in which such income is earned or within such further period as the competent authority may allow in this behalf. (3) No deduction under this section sha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of this Act in any assessment year. Explanation . -For the purposes of this section,- ( a ) author includes a joint author; ( b ) books shall not include brochures, commentaries, diaries, guides, journals, magazines, newspapers, pamphlets, text-books for schools, tracts and other publications of similar nature, by whatever name called; ( c ) competent authority means the Reserv ..... X X X X Extracts X X X X X X X X Extracts X X X X
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