Royalty from books publication
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 June 2016
Dear Experts,
I would like to know if I am as a author and published books written by me and received royalty income. Whether it taxable income and add to my other income or it it exempted ??
kindly guide me and solve my query
Thanks in advance
I would like to know if I am as a author and published books written by me and received royalty income. Whether it taxable income and add to my other income or it it exempted ??
kindly guide me and solve my query
Thanks in advance
Rupesh Jain
(Expert)
21 June 2016
its come under the income from business/profession. and its taxable income, you cna get the TDS refund if your income is excess exempt limit.
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