Hello All,
This question is for AY 2017-18
I received royalty income for a book I authored in last financial year . This book is on computer programming and is not a text book. The book’s nature qualifies for a deduction under section 80QQB. Could you please help with the following
Income details
1. I have a regular SALARY income from the employer (India) . So far, all these years I have only filled ITR1 or ITR2
2. This year, also have the book royalty income (15% of which is tax decuctible)
Note 1: Already obtained duly filled forms 10CCD from the publisher and 10H from my bank where the royalty was credited.
Note 2: Writing is not my ‘full time’ job, in previous year I wrote this book receive a royalty that's all.
QUESTIONS:
A) Under which section should I DECLARE my royalty income ? (is it income from other sources) .
B) Which ITR form should I use for this purpose? (AY 2017-18)
I already know details of 80QQB so no questions on how to compute the 80QQB amount. The question is on how to declare the income..
CAclubindia
