Section 80 Q of Income Tax Act "Deduction in respect of profits and gains from the business of publication of books"
80Q. (1) Where in the case of an assessee the gross total income of the previous year relevant to the assessment year commencing on the 1st day of April, 1992, or to any one of the four assessment years next following that assessment year, includes any profits and gains derived from a business carried on in India of printing and publication of books or publication of books, there shall, in accordance with and subject to the provisions of this section, be allowed, in computing the total income of the assessee, a deduction from such profits and gains of an amount equal to twenty per cent thereof.
(2) In a case where the assessee is entitled also to the
deduction under section 80HH or section 80HHA or section
80HHC or section 80-I or section 80-IA or section 80J or
section 80P, in relation to any part of the profits and
gains referred to in sub-section (1), the deduction under
sub-section (1) shall be allowed with reference to such
profits and gains included in the gross total income as
reduced by the deductions under section 80HH, section 80HHA,
section 80HHC, section 80-I, section 80-IA, section 80J and
section 80P.
(3) For the purposes of this section, "books" shall not
include newspapers, journals, magazines, diaries, brochures,
tracts, pamphlets and other publications of a similar nature
by whatever name called.