Professional Income (Private tuition)

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A taxpayer received professional income from private tuition, alongside interest, dividends, and capital gains. They are seeking advice on whether to file their Income Tax Return (ITR) using form ITR-4 or ITR-3 for the assessment year 2021-22. The discussion clarifies that tuition income is generally not considered for presumptive income under Section 44ADA, suggesting ITR-3 might be more appropriate unless a formal tuition centre with employees is established, in which case Section 44AD could be considered.

LIMPA CHAKRABORTY

LIMPA CHAKRABORTY (Querist)
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05 August 2021 Cash received Rs. 550000/- as Professional Income (Private Tuition), Rs. 48680/- from S/B, F/D and dividend and Rs. 3840/- as capital gain (LTCG). May submit ITR-4 for the A.Y. 2021-22 ? What will be its premusative income ?. There is TDS of Rs. 4840/- and savings in U/s 80C of Rs.150000/-. Kindly send your valuable opinion. Regards, Limpa Chakraborty

LIMPA CHAKRABORTY

LIMPA CHAKRABORTY (Querist)
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05 August 2021 Kindly send your opinion and direction. Regards, Limpa Chakraborty