I am a salaried individual.
In the current year, I have received royalty of Rs. 50000 from a book publisher who has deducted TDS on the same.
Which ITR form should I use for filing my returns.
Regards,
Menu
Royalty income of rs. 50k in itr
Replies (5)
File ITR 3
What about itr 4 as I do not maintain books of accounts and my primary income is through salary
Can I claim 80 qqb benefit in itr 4
Under 80QQB maximum deduction is 3 lakhs. Su you get full deduction on Royalty income under ITR 3.
I think Royalty income do not qualify under 44AD or 44ADA that is ITR4 is not applicable.
I think Royalty income do not qualify under 44AD or 44ADA that is ITR4 is not applicable.
1. Royalty income will be shown under IOS and deductions u/s 80QQB to the extent of Rs. 3 lakhs can be set it off against such income.
2. File ITR-3 it would be easy and simple.
Please correct me if the above solution has an alternative view.
Recent Topics :
- REGARDING HSN CODE FOR WASHING JOB CHARGES
- Advance Tax Due Date 2026
- Query – Interest on Capital Received by Part
- Query - Section 164(2)(a) – Interpretation o
- Submission for Expert Opinion on Rectification of
- NRI since March 2023 – resident savings acco
- My All-Time Top 15 Indian Web Series
- Wrong date of invoice
- Paper 6 - IBS
- Chhath Puja 2026 Dates Timing Tithi
Related Topics :
CAclubindia
