12 February 2017
Hello experts, I have one query regarding ITR form for file a return. my wife earns private tution income then whether form need to be filled is ITR1 or ITR 4 ?
under what head that income need to be declared ? is it Income from salary or Income from other sources ? she also earns FD and saving bank interest and that income will go under income from other sources.
12 February 2017
Tution service is one type of business..its declared under Income from business or profession and you have to File ITR 4 form for IT return.Interest received from FD & saving bank consider under Income from other sources.
Thank You
CAclubindia
