Receipt of tuition fee received in cash
This query is : Resolved
12 April 2017
Sir,
I have received tuition fees 2,90,000 in cash from 30 students , can I received in f.y. 2016-17 and which itr file ?
Thanks
I have received tuition fees 2,90,000 in cash from 30 students , can I received in f.y. 2016-17 and which itr file ?
Thanks
CA R SEETHARAMAN
(Expert)
12 April 2017
Yes you can receive such cash payment it is within limits. File ITR 3.
12 April 2017
Form ITR 3. But please be realistic in what expenses you claim. If you give tuitions at home the usual expenses could be phone, internet, stationery etc. Do not go overboard in claiming for car and petrol or conveyance etc.
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