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
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