Income tax return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 November 2014 i am providing coaching to +2 & B.Com students and my income is 80000 from coaching fees & bank Intt. annually. Please tell me which ITR I have to file

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 November 2014 Your income is well below taxable limit no need to file ITR. If you want to get refund of any TDS made file ITR 1 treating your coaching income as income from other sources.

Querist : Anonymous

Querist : Anonymous (Querist)

25 November 2014 But if i file itr 4s then it will be valid or not?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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25 November 2014 Sugam ITR (4S)

It is applicable for small businessmen and professionals covered under presumptive taxation.
You are not covered under presumptive taxation hence you can not file 4S.