The deduction available under section 80QQB in respect of royalty income of authors shall not exceed _____________in previous year.

Question

Quizplus · Accepted Answer

The deduction available under section 80QQB in respect of royalty income of authors shall not exceed Rs. 3,00,000 in the previous year. However, the correct numerical value as per the latest norms is Rs. 3,00,000, but since the options provided do not match this figure and based on the options given, the closest and correct option as per the context of the question is Rs. 2,50,000 (Option B). This seems to be a discrepancy in the question's framing or a change in the law that is not reflected in the options.

The Deduction Available Under Section 80QQB in Respect of Royalty