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Professional Income (Private tuition)

This query is : Resolved 

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

Kindly send your opinion and direction. Regards, Limpa Chakraborty

Tuition income will not be considered for opting for 44ADA, hence file ITR 3.

@ Seetharaman:
Is it not right to treat tuition income as business income and opt for 44AD?

Yes, you are right provided a tuition centre is set up and persons are employed.

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