I am a lecturer by profession, working in a private educational institute, and drawing a monthly salary. In addition, 4 years ago, I had authored a book, which is not a textbook, but a work of scientific nature. I have been receiving lumpsum royalty settlement from the publishers for the past 3 years. Previously, I was using ITR-1, and showing the royalty as income from other sources; and was also claiming deduction for the royalty through section 80QQB. It was a hassle free process all these years.
This year, I notice that there is no option to deduct under section 80QQB in the ITR-1 form. I am at a loss now. I am not sure if I should use ITR 2 or ITR 3. I have no other income sources. I do not own a house. I do not earn from agriculture or through any other business or stocks.
Please guide me which ITR I should use. I would be immensely grateful.
Thank you.
CAclubindia
