Royalty income taxability


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Querist : Anonymous

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Querist : Anonymous (Querist)
01 July 2016 I am a govt. Salary employee and I published a book as an author and getting royalty. I would like to know royalty income is taxable in my hands and if yes where to show in ITR for income tax purpose. I am getting around 25000/- in F.Y, 2015-16 So kindly advise my where to show royalty income in ITR and which ITR is to be filled by me as per situation.

Thanks in advance

Rupesh Jain (Expert)
01 July 2016 ITS Profession income its come under profession income., you can claim exp. against the this income, if you have incurred.
and use ITR-4 form.

01 July 2016 Royalty income is taxable and show it in ITR under income from other sources.

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 July 2016 under which section royalty income is taxable ??

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 July 2016 Kindly reply under which section royalty income need to show as taxable in ITR ??

02 July 2016 In ITR 1 show it under B3.


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