I run a small coaching , which itr sholud i file ?

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Querist : Anonymous

Querist : Anonymous (Querist)

28 November 2014 I am a teacher , i run a small coaching . In a year i teach 100 to 150 students . I went to ca office , first year he filed ITR 1 and second year he filed ITR 2 . When i asked him why then he told Due to some change in laws ... i am totally confused ... whats going on ... please tell me experts what is right ITR no for me to file next year ... i think my ca is beginner and he is also confused .

CA Kumar Mukesh

CA Kumar Mukesh (Expert)

28 November 2014 As per explanation 5 to section 139(1), assessee has to required to file His Return of Income only if his/her gross total income exceeds from basic slab rate i.e. before allowing any exemptions under chapter-VIA (LIC/Mediclaim elc.)

If your Gross Total Income Exceeds from basic slab rate (2,00,000/2,50,000/5,00,000) then only you required to file your return of income

Rupesh Jain

Rupesh Jain (Expert)

29 November 2014 you are doing his own tuition center then you have to file ITR-4 .

if your income is more than Rs. 200000/- in a year then you have to file the income tax return.

Querist : Anonymous

Querist : Anonymous (Querist)

29 November 2014 Respected experts :: my ca has filed itr 2 for assesment year 2014-2015 .

Yes i run a tuition center and i crossed my tax limit . my total earning is Rs 230000 .

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