Section 80QQB of the Income Tax Act, 1961 provides a deduction to authors of certain specified works, which includes books (other than text-books for schools and colleges), to whom royalty income is payable. The deduction is allowed for the amount received or receivable as royalty income on such works. The deduction is limited to a maximum of Rs. 3,00,000 for authors of books in any financial year.
What new metric has the UN General Assembly launched to measure nations' economic vulnerability?
Which Russian bank has provided the facility for individuals to now open accounts in Indian rupees, expanding the range of foreign currencies available ...
Recently RBI doubled the limit on housing loans to finance residential real estate projects from which organization?
Which of the following statements correctly describes the purpose of the MyGov platform under the Digital India Mission?
What is the focus of the joint India-Indonesia military exercise ‘Garud Shakti 24’ held in November 2024?
What is the primary objective of the comprehensive testing of the Cell Broadcast Alert System conducted by the Department of Telecommunications (DOT) in...
Recently RBI launches the first pilot project for central bank digital currency (CBDC), also known as digital rupee or e-rupee, the central bank has id...
What is the primary objective of the collaboration between COLORS and the Ministry of Women and Child Development's 'Beti Bachao, Beti Padhao' initiativ...
Which is not a type of External Commercial Borrowings (ECB)?
The Unique Identification Authority of India (UIDAI) signed an MoU with the ______ to develop a touchless biometric capture system for easier use, anyti...
