ITR 3. Urgent help needed please!

I am filling ITR 3.

1. I have some income as interest from NCDs. This is not in AIS. I think this interest is taxable as ordinary income. Yes?

2. I have some income as book royalty. I have entered it as OS income. The ITR utility is not allowing 80QQB deduction. What can I do?

Replies (6)
Quick Summary
This discussion seeks urgent help with filing ITR 3. The user needs clarification on whether interest from NCDs, not appearing in AIS, is taxable as ordinary income. Additionally, they are facing issues claiming the 80QQB deduction for book royalty income, as the ITR utility is not correctly processing it despite correct input. Advice suggests royalty income should be declared under PGBP and potentially filing a grievance for utility bugs.

1. Yes interest taxable u/h. IFOS.

2. Need to be selected in schedule 'Chapter VIA'

Many thanks.

The issue with the royalty income is that ITR utility is allowing to put under 80QQB but then not adding it to deductions- keeping that column as zero.

Royalty income is to be declare under PGBP and not under IFOS..

Thanks again.

I have put it under business head 20011-Literary Activities.

Even then, it is not allowing 80QQB.

File complaint under Grievances...

May be some bug in utility, that need to be rectified...

Thanks for the responses. Good day!

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