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ASHISH (Querist)
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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

CA Shubhanshu Jain

CA Shubhanshu Jain (Expert)
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21 March 2017 You have to file ITR-2

ASHISH

ASHISH (Querist)
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21 March 2017 IN WHICH HEAD WILL TUTION INCOME BE SHOWN IN ITR 2

ASHISH

ASHISH (Querist)
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21 March 2017 IN WHICH HEAD WILL TUTION INCOME BE SHOWN IN ITR 2

CA Shubhanshu Jain

CA Shubhanshu Jain (Expert)
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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)

ASHISH

ASHISH (Querist)
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21 March 2017 CAN TUTION INCOME BE SHOWN AS BUSINESS INCOME ALSO IN ITR4 OR ITR4S

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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21 March 2017 TUTION INCOME IS TAXABLE UNDER PGBP. FILE ITR4.

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ASHISH

ASHISH (Querist)
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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

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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21 March 2017 No. Not required to maintain records.

ASHISH

ASHISH (Querist)
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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

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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21 March 2017 TUTION INCOME IS TAXABLE UNDER THE HEAD PROFITS AND GAINS OF BUSINESS AND PROFESSION.

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