CA Kshitiz Pathania (Chartered Accountant) (72 Points)
11 November 2011Hi friends. Please tell me If Royalty income is treated as Other sources income, then can expenses incurred in respect of income be claimed as general expenses u/s 57, in addition to the deduction u/s 80QQB?
CA Hardik Bunha
(self)
(2121 Points)
Replied 12 November 2011
Yes, defenately..............
But if received from foreign take care for 6 month and form 10H
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LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(without recording)
CAclubindia
