Lal authored a text-book for school students of Malaysia. He received Royalty (in convertible foreign exchange before 31-5-2019) of ₹5 lakh. He incurred expenditure such as ₹20,000 for reference books, ₹60,000 for text p
CS Executive · Tax Laws and Practice · PYQS · December 2019
Lal authored a text-book for school students of Malaysia. He received Royalty (in convertible foreign exchange before 31-5-2019) of ₹5 lakh. He incurred expenditure such as ₹20,000 for reference books, ₹60,000 for text proof readers and ₹1,00,000 for content assistants. How much of his income is eligible for deduction under section 80QQB ?
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax
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