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?
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!
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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