Can royalty be business income?
Please provide examples.
No it is not a business income not shown as PGBP. it is shown under head Other sources
for royalties maximum deduction u/s 80RRB and 80QQB is Rs.3 lacs
8 Replies
Shreyas Pandharkar
(39 Points)
Replied 24 August 2018
Thank you for the replies.
But an author's royalty income will come in PGBP as professional income,right?
But an author's royalty income will come in PGBP as professional income,right?
Shreyas Pandharkar
(39 Points)
Replied 24 August 2018
Can it be professional income for some other type of professional??
CA P V N Varma
(CA )
(609 Points)
Replied 24 August 2018
it comes under head other source for other professionals
Shreyas Pandharkar
(39 Points)
Replied 24 August 2018
I actually wanted to ask
Can royalty received by some other type of professional for his work in his profession be considered as professional income??
Can royalty received by some other type of professional for his work in his profession be considered as professional income??
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