Tax on literary activity
This query is : Resolved
16 June 2014
I write short stories and poems for magazines and also participate in Radio programme for which I am paid lumpsum amount. Is this taxable? if yes then under which head?
16 June 2014
under sec 194J @ 10%................................
Message likes :
1 times
Nikhil Kaushik
(Expert)
16 June 2014
it is taxable under income from Business/profession.
17 June 2014
But sir
Under sec 80QQB royalty income from books (other than text book) is exempt upto 3 lakhs. Is similar exemption not available for publishing of stories?
Under sec 80QQB royalty income from books (other than text book) is exempt upto 3 lakhs. Is similar exemption not available for publishing of stories?
Nikhil Kaushik
(Expert)
17 June 2014
Dear Prafulla,
1. deduction under chapter VI (section 80QQB) is claimed after including the income in one head or the other. So, first, this income is to be included in the head "income from business/profession".
2. as already mentioned by you, 80QQB is available lumpsum income from publishing books. What you are currently doing is writing stories which could form part of anything - a part of whole book, newspaper etc etc. So its most likely that you wont be able to claim 80QQB deduction.
1. deduction under chapter VI (section 80QQB) is claimed after including the income in one head or the other. So, first, this income is to be included in the head "income from business/profession".
2. as already mentioned by you, 80QQB is available lumpsum income from publishing books. What you are currently doing is writing stories which could form part of anything - a part of whole book, newspaper etc etc. So its most likely that you wont be able to claim 80QQB deduction.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Ito add credit side of bank
- Employee secondment
- GSTR9 Annual Return
- Capital gain on commercial property and investment in residential property
- Import of Capital Machine
- Gift to nri relatives resides in usa
- Form 144 TDS Return Validation error
- LLP audit and disclosure
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
