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83. Deduction of royalty income of authors.
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83. Deduction of royalty income of authors.—(1) A person, being resident individual, shall be allowed a deduction of an amount specified in sub-section (4) in respect of any income referred to in sub-section (3), if such income is included in his gross total income from ordinary sources.
(2) The deduction under sub-section (1) shall be allowed to a person, if he is an author of any book which is a work of literary, artistic or scientific nature.
(3) The income referred to in sub-section (1) shall be any income derived by the author by way of—
(a) lump sum consideration for the assignment or grant of any of his interest in the copyright of the book referred to in sub-section (2) ; or
(b) royalty or copyright fees (whether receivable in lump sum or otherwise) in respect of the book referred to in sub-section (2).
(4) The amount of deduction under sub-section (1) shall be the amount of income referred to in sub-section (3) to the extent it does not exceed three lakh rupees.
(5) In this section, "books" shall not include brochures, commentaries, diaries, guides, journals, magazines, newspapers, pamphlets, tracts and other publications of similar nature by whatever name called.
Clause 83 seeks to provide a deduction of up to three lakh rupees to a resident individual, who is an author, in respect of income earned by him as a lump sum consideration for the assignment or grant of any of his interest in the copyright of the book written by him or as a royalty or copyright fee in respect of the said book, if such income is included in his gross total income from ordinary sources.
The said clause further provides that the book should be of literary, artistic or scientific nature.
The said clause also provides that brochures, commentaries, diaries, guides, journals, magazines, newspapers, pamphlets and tracts, etc., shall not be eligible for deduction under this clause.
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