For tax year 2026-27, under the old tax regime in the Income-tax Act, 2025, the deduction for an…
The deduction is the lower of eligible royalty income and Rs. 3,00,000. Section 151 of the Income-tax Act, 2025 retains this ceiling, subject to its eligibility conditions.
Choose your answer
For tax year 2026-27, under the old tax regime in the Income-tax Act, 2025, the deduction for an eligible resident author's royalty income is restricted to:
Answer and explanation
Correct answer D
The deduction is the lower of eligible royalty income and Rs. 3,00,000. Section 151 of the Income-tax Act, 2025 retains this ceiling, subject to its eligibility conditions.
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Gujarat SET (GSET)