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 :
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
- Claiming business re-imbursements while filing GST
- E-waybill 14 Digit Numbring
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
Related Topics :
CAclubindia
