Which ITR to use? I am giving Tuitions
This query is : Resolved
Guest
Guest
(Querist)
18 June 2008
Greetings,
For financial year 2007-08, I earned by giving tuitions. I am single aged 45years and possess PAN card.
My total earnings are Rs.1,30,000 for year 2007-08. My expenses are for house where i live and provide tuitions - Rent (Rs.30,000 ), electricity (Rs.3,600), water and maintenance (Rs.2,400) all others are living expenses.
Which ITR should I use? And what will be tax liability?
PLEASE Help!!!
For financial year 2007-08, I earned by giving tuitions. I am single aged 45years and possess PAN card.
My total earnings are Rs.1,30,000 for year 2007-08. My expenses are for house where i live and provide tuitions - Rent (Rs.30,000 ), electricity (Rs.3,600), water and maintenance (Rs.2,400) all others are living expenses.
Which ITR should I use? And what will be tax liability?
PLEASE Help!!!
MANAS ROUT
(Expert)
18 June 2008
your taxable income is 94000 which is lower than the exemption limit so u dont have to pay tax if you are able to show this expenditure for u r business purpose .
Guest
Guest
(Querist)
18 June 2008
Thank you, Mr.Bhushan. Am I expected to file ITR-4? showing a taxbale income of 94,000?
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Capital Gail Exemption Certificate
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
