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Professional Income (Private tuition)

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(Querist)
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
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LIMPA CHAKRABORTY

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

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CA R SEETHARAMAN (Expert)
05 August 2021 Tuition income will not be considered for opting for 44ADA, hence file ITR 3.



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CMA Poornima Madhava

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CMA Poornima Madhava (Expert)
05 August 2021 @ Seetharaman:
Is it not right to treat tuition income as business income and opt for 44AD?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 August 2021 Yes, you are right provided a tuition centre is set up and persons are employed.

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