Itr query

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himanshu (Querist)
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03 April 2016 i had a salary income of 62000 of last 3 month of ay 14-15 and tutuon income of 310000.. so which itr is applicable and last year i file itr 4s..

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 April 2016 File ITR 4, ITR 4S not applicable to you.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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03 April 2016 You need to file your Income Tax Return in ITR4.

himanshu

himanshu (Querist)
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03 April 2016 sir can i show tution income as other income of 310000 and salary income as 62000 in itr 1.. is there is any issue... sir please differenciate between itr 1 & itr 4 for this purpose

himanshu

himanshu (Querist)
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03 April 2016 sir why can i not file itr 1 by showing tution income as other income..

ALOK GOEL

ALOK GOEL (Expert)
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04 April 2016 You have salary income and Income from other sources . Both are covered in ITR-1 . Hence ITR-1 can also be filed for this income.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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05 April 2016 Tution Income is taxable under the head Profit and Gains of Business or Profession, for which ITR4 needs to be filed. ITR1 is not the appropriate form.

himanshu

himanshu (Querist)
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05 April 2016 sir what about itr 4s.. in itr 4s also there is a option of salary income... can i file 4s

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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05 April 2016 ITR4s is not applicable for professional income. So you have to use ITR4.

himanshu

himanshu (Querist)
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05 April 2016 if i will file itr 4 i have to maintain books of account..?

himanshu

himanshu (Querist)
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06 April 2016 plz reply my query