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Taxability for Private Coaching

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ABHIJEET DESHPANDE Student/Article Asst./Learner [ Scorecard : 830]	Posted On 31 December 2010 at 13:00
	Can any one guide me regarding taxability for the private CA/CS coaching classes? How are they taxed? What are the tax implications for them? Are there any exemptions for them? Kindly guide as if the class is either a PVT. LTD Co. or an individual...

U S Sharma glidor@gmail.com [ Scorecard : 19276]	Posted On 31 December 2010 at 21:19
	no specific exemption , they will be taxed normal !! Total thanks : 1 times


Ashish Ojha Chartered Accountant [ Scorecard : 462]	Posted On 02 January 2011 at 15:56
	इस प्रकार के संस्थानों में अक्सर शिक्षक खुद को employee दिखाते है. अगर ऐसे दिखाए तो उनकी salary हो जाएगी, वर्ना PGBP Income मान ली जाएगी. Total thanks : 1 times

CA PARAS BAFNA CA [ Scorecard : 22688]	Posted On 02 January 2011 at 19:55
	Private Coaching Class is liable to pay income tax on its net income. It is required to pay Service TAx also if Fees Recieved exceeds Rs 10.00 lacs Total thanks : 1 times

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