Q345
Authors who write books and present the same to publishers can avail deductions under Section 80QQB of the Income Tax Act 1961. The maximum amount available for deduction under this section is:
A.
Rs. 3,00,000
B.
Original amount of royalty amount received
C.
Rs. 3,00,000 or original amount of royalty amount received (whichever is less)
AnswerD.
Rs. 2,50,000
Answer: Option C
Solution
Answer: Option C
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