Section 80QQB of ITA, 1961 : Section 80Qqb: Deduction In Respect Of Royalty Income, Etc, Of Authors Of Certain Books Other Than Text-Books

ITA, 1961

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Explanation using Example

Imagine that Ravi is a resident Indian author who has recently published a novel. His gross total income for the financial year includes ₹4,00,000 that he received as a lump sum royalty payment for the novel. Under Section 80QQB of the Income-tax Act, 1961, Ravi can claim a deduction from his gross total income.

According to the provisions of this section, Ravi is eligible to deduct the whole amount of the royalty income or ₹3,00,000, whichever is less. In Ravi's case, since his royalty income is ₹4,00,...

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