Itr form
This query is : Open
21 March 2017
I HAVE TUTION INCOME OF 1.5 LAKH AND CAPITAL GAIN INCOME FROM SHARES
AND INTEREST INCOME
WHICH ITR FORM IS APPLICABLE
AND INTEREST INCOME
WHICH ITR FORM IS APPLICABLE
CA Shubhanshu Jain
(Expert)
21 March 2017
You have to file ITR-2
CA Shubhanshu Jain
(Expert)
21 March 2017
You can show it in other sources and mention description as tuition fees in sheet named "OS" in point no. 1d.(2) (in ITR-2)
21 March 2017
CAN TUTION INCOME BE SHOWN AS BUSINESS INCOME ALSO IN ITR4 OR ITR4S
21 March 2017
TUTION INCOME IS TAXABLE UNDER PGBP. FILE ITR4.
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21 March 2017
DO I HAVE TO KEEP ANY RECORDS FOR TUTION INCOME OF 1.2 TO 1.5 LAKH PER YEAR
21 March 2017
No. Not required to maintain records.
21 March 2017
SIR WHICH HEAD SHOULD I PREFER TO SHOW TUTION INCOME (AROUND 1.2 LAKH PER YEAR) IN BUSINESS PROFESSION OR INCOME FROM OTHER SOURCES
21 March 2017
TUTION INCOME IS TAXABLE UNDER THE HEAD PROFITS AND GAINS OF BUSINESS AND PROFESSION.
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