Deduction of royalty income of authors.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ry sources. (2) The deduction under sub-section (1) shall be allowed to a person, if he is an author of any book which is a work of literary, artistic or scientific nature. (3) The income referred to in sub-section (1) shall be any income derived by the author by way of— (a) lumpsum consideration for the assignment or grant of any of his interest in the copyright of the book .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X