Source of income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 March 2016
Under which head, income from tution fees can be shown,B&P or IFOS
CA Shyam Agarwal
(Expert)
03 March 2016
If you are completely involve in teaching filed then you should show income from B&P. but you taking classes as part time then, u can show under O.S.
Message likes :
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Amol S Joglekar
(Expert)
03 March 2016
Prima facie, it is income from business/prefession
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