Question

Babu Lal authored a book which is covered as per provision of section 80QQB and received an amount of royalty of `2,00,000 @ 20% during the year ended 31.3.2020. He had incurred an expenditure of `30,000 for earning the amount of royalty of `2,00,000. The entire royalty was received by him from abroad and amount of `1,10,000 out of the royalty amount shall be remitted to India till 30.09.2020. He can claim deduction out of such royalty income in assessment year 2020-21 for an amount of _________

Answer 1

Explanation:

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