Easy Office

Cash receipt and itr form

This query is : Resolved 
Profile Image

Profile Image

(Querist)
17 April 2017 Sir,
I have reecived cash Rs. 3,00,000.00 (Three Lakh) from 20 students as tuition fees in F.Y. 2016-17 and bank interest income 80,000.00


Can I receive cash fees, and can I fill ITR- 4 FOR PRESUMPTIVE INCOME

ITR-4 INDIAN INCOME TAX RETURN Assessment
Year
2 0 1 7 - 1 8
SUGAM [FOR PRESUMPTIVE INCOME FROM BUSINESS & PROFESSION]

Thanks
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
17 April 2017 You can receive such Cash receipt. You can't file ITR 4 under presumptive income as your receipt is not a business income.
Profile Image

rajeev

Profile Image

rajeev (Querist)
17 April 2017 sir,
which itr form use for tuition income
thanks



Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
17 April 2017 File ITR 3..................
Profile Image

rajeev

Profile Image

rajeev (Querist)
17 April 2017 Sir,
I use ITR-4 eallier in F.Y. 2015-16, can I use ITR- 4 for F.Y. 2016-17

Thanks
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
17 April 2017 ITR 3 is old ITR 4 form hence now you can use only ITR 3.
Profile Image

rajeev

Profile Image

rajeev (Querist)
17 April 2017 Sir,
I do not understand.
Thanks

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


Easy Office

Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links