Where the time taken by the author of a literary or artistic work in the making thereof is more than twelve months, the amount received or receivable by him during any previous year on account of any lump sum consideration for the assignment or grant of any of his interests in the copyright of that work or of royalties or copyright fees (whether receivable in lump sum or otherwise), in respect of that work, shall, if he so claims, be allocated for purposes of assessment in such manner and to such period as may be prescribed:
1 Provided
that nothing contained in this section shall apply in relation to the previous
year relevant to the assessment year commencing on or after the 1st day of
April, 2000.
Explanation.-For the purposes of this section, the expression "author" includes
a joint author, and the expression "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.
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1. Ins. by Act 27 of 1999, s. 67 (w.e.f. 1-4-2000).
Section 171 Assessment after partition of a Hindu undivided family
Section 172 Shipping business of non-residents
Section 173 Recovery of tax in respect of non-resident from his assets
Section 174 Assessment of persons leaving India
Section 175 Assessment of persons likely to transfer property to avoid tax
Section 176 Discontinued business
Section 177 Association dissolved or business discontinued
Section 178 Company in liquidation
Section 179 Liability of directors of private company in liquidation
Section 180 Royalties or copyright fees for literary or artistic work