Cbdt: ay2014-15 onwards,tuition income not a genuine source.

CBDT WARNS TO SMALL & MEDIUM TAX PAYERS REGARDING UNEXPLAINED INCOME & VIOLATION OF SECTION 44AA ONCE AGAIN...

FROM A.Y 2014-2015 ON-WARDS , TUITION INCOME ( on Irregular Basis ) CANNOT BE TREATED AS A VALID SOURCE OF INCOME OUT OF WHICH YOUR VARIOUS INVESTMENTS WERE MADE .
SO, FROM A.Y 2014-2015 ON-WARDS ,, YOU HAVE TO PRODUCE SUCH A PROPER AUTHENTICATE DOCUMENTARY EVIDENCES FOR SUCH KIND OF INCOME , OTHERWISE , THERE IS A PROBABILITY THAT , Income tax Officer may impose Penal Provision as UNEXPLAINED INCOME .

It's a responsibility of the assessee to produce with proper documentary evidences before an ITO/ASSESSING OFFICER ,, if there is any scrutiny for such kind of Tuition Income . 

Thanks.

Replies (2)

Thanks for the alert. Can you upload the relevant circular/clarification/notification/press release here in the Forum for easy reference please.

Thanks,

Respected Members,,

Source : Economic Times Bureau..

Actually, huge amount of tax payers are trying to show their investments ( in their balance sheet ) generated out of tuition income ( on irregular basis only ) i.e, income generated from tuition income & out of which investments were made so, FROM A.Y 2014-2015 ON WARDS, this concept fully ILLEGAL ( Unless & until subject to proper documentary evidences are require to be produced )......

 

Thanks..

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details