Tuition income which category??

Page no : 2

Md Abdul Hakim (Student) (67 Points)
Replied 25 October 2014

It will charged under PGBP HEAD but if it is not the operational activity of the it will charged under the head of other sources

mukesh (student) (21 Points)
Replied 25 October 2014

It should be considered under the head of " other source income

N G SOORAJ (Tax Practitioner) (34 Points)
Replied 25 October 2014

Treated in income from other sources

sameer (article clerk) (28 Points)
Replied 25 October 2014

It should be charged under income from other sources

CA Aditya Shah (Chartered Accountant Entrepreneur Ex Ernst & Young) (1908 Points)
Replied 25 October 2014

Your total income is already below the minimum exemption limit before any deductions. So, in my opinion, no need of filing IT return.

CA Aditya Shah (Chartered Accountant Entrepreneur Ex Ernst & Young) (1908 Points)
Replied 25 October 2014

Your income is already below the minimum exemption limit before allowing any deductions. So in my opinion, no need to file IT return.

SamirKumarMeher (student) (21 Points)
Replied 25 October 2014

It would be professional gain and nil return as total income is below exemption limit.

kunal khanna (CA) (23 Points)
Replied 25 October 2014

It will come under the head income from other sources not under PGBP.she is not carrying any business

kunal khanna (CA) (23 Points)
Replied 25 October 2014

It will come under the head income from other sources not under PGBP.she is not carrying any business

A.K.Banik (Tax Consultant) (1596 Points)
Replied 25 October 2014

It is Casual Income under IFOS.

She can not claim deduction for any expenditure in relation to such income.

antarjyami das (article assistant) (28 Points)
Replied 25 October 2014

It will be considered as income from other sources anf file itr2

(Guest)

Either IFOS Or PGBP

Sachin Bhutani (partner) (21 Points)
Replied 26 October 2014

You can show the income as income from business and profession. As she is engaged in it full time it will not be an income from other sources. You can file form ITR 4S and show the income under sec. 44AD also, taking 8% to 100% as profit margin depending upon you expenses.