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!

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details