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AAFM Exam GLO_CWM_LVL_1 Topic 7 Question 92 Discussion

Actual exam question for AAFM's GLO_CWM_LVL_1 exam
Question #: 92
Topic #: 7
[All GLO_CWM_LVL_1 Questions]

Deduction under section 80QQB is allowed in respect of royalty income to:

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Suggested Answer: B

by Michael at Sep 19, 2024, 07:47 AM

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Glory
2 days ago
Option C is the winner! I guess the tax authorities want to encourage book writing in India, as long as you're a resident. Looks like I need to get my pen and paper ready.
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Stefania
11 days ago
Ha! This reminds me of that time I tried to write a book and ended up with a blank page. Clearly, I'm no author. But for those who are, option C seems like the way to go.
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Lonna
11 days ago
I'm not sure, but I think the answer is C) an individual who is resident in India who is either an author of a book or a joint author of the book.
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Dell
13 days ago
I agree with Casie, because the deduction under section 80QQB is specifically for authors who are residents in India.
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Avery
13 days ago
Hmm, this one's tricky. I was leaning towards option B, but C makes more sense. As long as the individual is a resident of India and an author or co-author, they should be eligible for the deduction.
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Jerry
16 days ago
I think option C is the correct answer. The question specifically mentions royalty income, and section 80QQB allows deduction for individuals who are resident in India and either authors or joint authors of a book.
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Dottie
4 days ago
I agree, option C seems to be the most accurate choice.
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Casie
16 days ago
I think the answer is B) an individual who is resident in India and who is an author of a book.
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