Deduction in respect of royalty income of authors - Section 80QQB

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..... ions to be fulfilled: Deduction available to an author or joint author. Income should be received in consideration for authoring any book of literary, artistic or scientific nature. It does not include brochures, commentaries, guides, diaries, magazines, journals, newspaper, pamphlets, text-books for schools, tracts or other publication of similar nature. A certificate in form 10CCD is required .T .....

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..... alls under the category of literary, artistic or scientific work. Books here doesn t include Journals, guides, newspapers, textbooks for school students, pamphlets, dairies and other publications of similar nature. Illustration for Clarity: Royalty fee received 90,000 (it is earned from abroad). Rate of royalty as % of value of books 18%. Expenditure for earning royalty 10,000. Amount remitted to .....

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