Question
Deduction in respect of royalty income of authors under
Chapter VI is allowed under Section:Solution
Section 80QQB of the Income Tax Act, 1961 provides a deduction to authors of certain specified works, which includes books (other than text-books for schools and colleges), to whom royalty income is payable. The deduction is allowed for the amount received or receivable as royalty income on such works. The deduction is limited to a maximum of Rs. 3,00,000 for authors of books in any financial year.
Which of the following is a major advantage of using Power BI over traditional Excel charts for data visualization?
Which of the following is the key difference between probability-based and non-probability-based sampling techniques?
Deadlock prevention in operating systems can be achieved by ensuring which of the following conditions does NOT hold?
In hypothesis testing, which of the following statements best describes the null hypothesis?
What does the following list comprehension produce?
result = [x**2 for x in range(5) if x % 2 == 0]
print(result)
What is the primary purpose of normalization in database design?
In time series forecasting, which of the following is true regarding the impact of autocorrelation on the model?
In a structured database, which data storage format would best support hierarchical data with varying levels of nested attributes?
Which cloud computing service model provides users with complete control over hardware resources like servers, storage, and networks?
What is the purpose of the break statement in Python?
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