WHAT SOURCE OF INCOME SHOULD BE SHOWN FOR INCOME ,IF A HOUSWIFE WANTS TO FILE THE RETURN JUST TO COMPLY THR REQUIREMENT FOR LOAN PURPOSE.
NOT MUCH EDUCATED BECAUSE TUTION INCOME CAN NOT BE JUSTIFIED.
which itr
Audit Executive (B.Com) (53 Points)
28 April 2015WHAT SOURCE OF INCOME SHOULD BE SHOWN FOR INCOME ,IF A HOUSWIFE WANTS TO FILE THE RETURN JUST TO COMPLY THR REQUIREMENT FOR LOAN PURPOSE.
NOT MUCH EDUCATED BECAUSE TUTION INCOME CAN NOT BE JUSTIFIED.
which itr
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 30 April 2015
I thnk you shud go with PGBP. Since she is carrying on tutions it wud be consdiered as business/profession.
However as per the Act it is to the discretion of the assessee under which head to show the income.
Naina
(CA Student)
(477 Points)
Replied 30 April 2015
For women, income can be shown from embroidery works, boutique, cooking classes etc. Tution income can be from teaching primary students also.
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