Tax on royalty received to an author

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 August 2015 can we show royalty on books received by an author as a business under section 44AD as it does not comes under specified profession definition under sec 44AA and secondly under sec 194J the words professional services and royalty are mentioned separately which implies that professional services does not include royalty.please reply asap.urgent

13 August 2015 It is not a business income hence 44AD not applicable. It will be classified under income from other sources.

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 August 2015 but why it cannot be a business

13 August 2015 You authored a book any income on this will not be a business income.


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