Deduction in respect of Royalty of Authors [80QQB]

Allowable to : Any resident individual, being an author/joint author, in respect of any income by way of Lump sum consideration or royalty or copyright fees for assignment or grant of any of his Interests in the copyright of any book.

Amount of Deduction: 100% of the royalty income etc. subject to a maximum of Rs.3,00,000
In case of royalty or copyright fees, not in lump sum consideration, deduction shall be restricted to 15% of the value of books sold during the previous year.
Conditions:
(1) The assessee shall furnish a certificate in form 10CCD.
(2) In case of income received from a source outside India, the assessee shall furnish a certificate in form 10H

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