Which itr form to be filed
This query is : Open
10 August 2017
I have income from FD and home tuition fees. Income is below 2,50,000 rs. P.a. is it income from profession OR business?
So which income head is applicable? Is presumtive basis applicable as i dont want to prepare records? Which itr form to be used?
So which income head is applicable? Is presumtive basis applicable as i dont want to prepare records? Which itr form to be used?
10 August 2017
Income from tuition fees is income from profession. Income from fd is income from other sources.
You may use ITR3
10 August 2017
Dear K Srinivas CMA Cs Sir.,
How you said the tuition fees is profession. Bcoz, Any qualification is required or not for the profession...?
Please reply...
How you said the tuition fees is profession. Bcoz, Any qualification is required or not for the profession...?
Please reply...
11 August 2017
Teaching is a profession and tuition fees received by way of teaching easily falls under this profession category.
Raja sir, I believe there's no requirement that a qualification should be there before treating the assesseend as a professional
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Difference between Date of Payment and Date of Deduction?
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- IS AUDIT MANDATORY IF COMMISSION INCOME IS MORE THAN 50 LAKH
- Journal entry of busniess expenses
- GST Rate for Catering Services
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- Cash balance limit and property purchases limit
- Can we choose not to report losses in ITR3 if they cannot be carried forward?
- FCRA 6 E- Intimation
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
