About which itr form is applicable

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2014 Sir/Madam,
A person has salary income and interest income (interest from saving bank a/c and fixed deposites) .
Additionally , he has earned Rs. 1,20,000 from giving tutions to students of 5th to 7th standard.
Gross Total income is around 1,45,700 . And after deductions available( u/s 80( TTA)) , total income is 1,44,400.

He has filed income tax return for f.y. 2013-14 using the form ITR- 1 , showing the tution income as income from other sources.
Is he correct ? Or Does he has to file form ITR-2 or 4 or 4S ? Does he need to file revised return in such other applicable form ?

Deepti Asawa

Deepti Asawa (Expert)
Follow

15 July 2014 tution income is his business income...so he has to file ITR-4S

Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2014 He has already e-filed the return in ITR -1 .
But , He has not sent the acknowledge receipt to CPC -Bangalore yet.
So..now Will he have to file revised return in ITR 4S ? And before sending the acknowledge receipt of revised return to CPC, should he send the previous acknowledge receipt of Itr-1 filed ?
What can be done now? Please, help.

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