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Section 80RRB

Section 80RRB of the Income Tax Act provides a deduction for royalty income earned by authors of literary, artistic, or scientific works. This section allows eligible individuals to claim a deduction on the royalty income received from the sale or publication of their works. The deduction is available for a specific period and is subject to certain conditions and limits. Understanding Section 80RRB is essential for authors and creators to avail of tax benefits on their royalty income. This description provides an overview of Section 80RRB and its significance for authors seeking tax deductions on their royalty earnings.

Latest Articles


All You Need to Know About Tax Savings for Resident/Non-Resident Indians

Income Tax : The aim of this article is to provide an insight into how NRIs can save taxes on their Indian income. Further, the article will di...

March 2, 2023 2745 Views 1 comment Print

Deduction under section 80RRB of Income Tax Act

Income Tax : The term ‘Royalty’ defines the income received by the innovator against the usage of the patented innovation. The individual r...

October 2, 2019 11961 Views 0 comment Print


Latest Posts in Section 80RRB

All You Need to Know About Tax Savings for Resident/Non-Resident Indians

March 2, 2023 2745 Views 1 comment Print

The aim of this article is to provide an insight into how NRIs can save taxes on their Indian income. Further, the article will discuss the tax reliefs that are available to NRIs under the Income Tax Act, 1961 and other fiscal laws in India.

Deduction under section 80RRB of Income Tax Act

October 2, 2019 11961 Views 0 comment Print

The term ‘Royalty’ defines the income received by the innovator against the usage of the patented innovation. The individual receiving such income can claim deduction under section 80RRB if they satisfy all the requisite conditions. The present article explains all the provisions attached with deduction available under section 80RRB of the Income Tax Act. Eligibility […]

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