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ROYALTY

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(Querist)
29 December 2009 CAN ANYONE TELL ME THE EXACT MEANING OF ROYALTY ?
ROYALTY INCOME WILL COME UNDER WHICH HEAD
BUSINESS INCOME OR INCOME FROM OTHER SOURCES?
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Bhavesh

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Bhavesh (Expert)
29 December 2009 Read section 9 for the meaning of royalty.

It is actually payment made for using someone' assets.

The head depends on the facts.

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