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 Threads
- Tax audit applicability on fno, intraday
- NSDL and CDSL have not reported sales made on 28th
- Schedule FA table A2 - what to specify in amount?
- GST on Real Estate Developer | Construction Contra
- How to treat losses from f and o trading in itr
- ITR 44AD and Fno
- 44AD Future and Options
- Total Income consideration for Surcharge calculati
- CA Inter Costing best faculty
- CA inter best faculty
Related Threads
CAclubindia
