income from tuition classes
This query is : Resolved
18 May 2011
Dear All,
My parents are taking tuiotions and i want to file their returns online. Which form should i fill? what aspects should i consider while calculating their income?
My parents are taking tuiotions and i want to file their returns online. Which form should i fill? what aspects should i consider while calculating their income?
19 May 2011
Their income shall be considered as professional receipts. The appropriate form is ITR-4. The aspects to be considered are the gross receipts and the expenditure incurred to arrive at the net profit.
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