Provisions u/s 80RR ,280O , Income - Tax Act, 1961.

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..... uthor, playwright, musician or actor, includes any income derived by him in exercise of his profession from certain foreign sources and such income is received in or brought into India in accordance with the Foreign Exchange Regulation Act, a deduction will be allowed in the computation of his total income of an amount equal to twenty-five per cent of such income, so received or brought into India .....

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..... be allowed with reference to the net income and not the gross receipts of individual concerned. In this connection, attention is also invited to the clarification given in paragraph 2 (viii) of Instruction No.797 (F.No.473/5/72-FTD), dated 23rd November, 1974 where the position in respect of deduction under section 80-O of the Act had been explained. - Circular - Trade Notice - Public Notice - .....

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