Income Tax Act, 2025
Section 3: Ins. by Act 32 of 2003, s. 44 (w.e.f. 12004).
3. Ins. by Act 32 of 2003, s. 44 (w.e.f. 12004).
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Provided further that in respect of any income earned from any source outside India, so much of the
income shall be taken into account for the purpose of this section as is brought into India by, or on behalf
of, the assessee in convertible foreign exchange within a period of six months from the end of the
previous year in which such income is earned or within such further period as the competent authority
may allow in this behalf.
(3) No deduction under this section shall be allowed unless the assessee furnishes a certificate in the
prescribed form and in the prescribed manner, duly verified by any person responsible for making such
payment to the assessee as referred to in sub-section (1), along with the return of income, setting forth
such particulars as may be prescribed.
(4) No deduction under this section shall be allowed in respect of any income earned from any source
outside India, unless the assessee furnishes a certificate, in the prescribed form from the prescribed
authority, along with the return of income in the prescribed manner.
(5) Where a deduction for any previous year has been claimed and allowed in respect of any income
referred to in this section, no deduction in respect of such income shall be allowed under any other
provision of this Act in any assessment year.
Explanation.—For the purposes of this section,—
(a) “author” includes a joint author;
(b) “books” shall not include brochures, commentaries, diaries, guides, journals, magazines,
newspapers, pamphlets, text-books for schools, tracts and other publications of similar nature, by
whatever name called;
(c) “competent authority” means the Reserve Bank of India or such other authority as is
authorised under any law for the time being in force for regulating payments and dealings in foreign
exchange;
(d) “lump sum”, in regard to royalties or copyright fees, includes an advance payment on account
of such royalties or copyright fees which is not returnable.]
No deduction under this section shall be allowed unless the assessee furnishes a certificate in the
prescribed form and in the prescribed manner, duly verified by any person responsible for making such
payment to the assessee as referred to in sub-section
No deduction under this section shall be allowed in respect of any income earned from any source
outside India, unless the assessee furnishes a certificate, in the prescribed form from the prescribed
authority, along with the return of income in the prescribed manner.
Where a deduction for any previous year has been claimed and allowed in respect of any income
referred to in this section, no deduction in respect of such income shall be allowed under any other
provision of this Act in any assessment year.
Explanation.—For the purposes of this section,—
“author” includes a joint author;
“books” shall not include brochures, commentaries, diaries, guides, journals, magazines,
newspapers, pamphlets, text-books for schools, tracts and other publications of similar nature, by
whatever name called;
“competent authority” means the Reserve Bank of India or such other authority as is
authorised under any law for the time being in force for regulating payments and dealings in foreign
exchange;
“lump sum”, in regard to royalties or copyright fees, includes an advance payment on account
of such royalties or copyright fees which is not returnable.]