DEDUCTION IN RESPECT OF ROYALTY INCOME, ETC., OF AUTHORS OF CERTAIN BOOKS OTHER THAN TEXT BOOKS

SECTION 80QQB	DEDUCTION IN RESPECT OF ROYALTY INCOME, ETC., OF AUTHORS OF CERTAIN BOOKS OTHER THAN TEXT BOOKS.
Persons Covered	Individual who is Resident in India.
Eligible Amount	Income derived by author (or a joint author) from 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 Royalty or copyright fees in respect of such book (whether receivable in lump sum or otherwise).
Relevant Conditions/Points	In respect of income earned from any source outside India, only so much of the income as is brought into India in convertible foreign exchange within 6 months from the end of previous year or within such further period as competent authority may allow shall be taken into consideration. If the income earned is from any source outside India, a certificate in prescribed Form No. 10H from RBI or prescribed authority as specified in Rule 29A(2)], should be filed along with return of income. A certificate in prescribed Form No. 10CCD and duly verified by any person responsible for making such payment to the assessee, should be filed along with return of income. Where a deduction under this section for any previous year has been claimed and allowed, no deduction in respect of such income shall be allowed under any other provision of the Act in any assessment year.
Extent of Deduction	In case of lump sum consideration:- Assignment or grant of any interest in the copyright of any book;  or Amount of Royalty or Copyright fees (being a lump sum consideration in lieu of all rights in the book) OR A fixed sum of Rs. 3 lakhs, whichever is lower. In case of amount of Royalty or Copyright fees not being a lump sum consideration in lieu of all rights in the book :- Royalty or Copyright Fees (before allowing expenses attributable to such income) not exceeding 15% of gross value of books sold during the previous year; OR A fixed sum of Rs. 3 lakhs, whichever is lower