My wife earns tution income which was fully deposited by self in bank and after sometime she got govt job now under which ITR form her income should filled?
Regards
Mikhil
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Tution Income and Salary
Replies (4)
If Tuition income is main source of income, choose ITR 3; else go for ITR1.
TUTION INCOME IS 200000 AND SALARY IS 70000
Option 2: If you wish to deduct any exepenses incured for generating the tution income, declare it under PGBP head; where in you will have to file ITR 3 with BS & P&L acc details.
But there is no tax liability (as after rebate u/s. 87a); so you may use ITR 1 Sahaj, and declare the tution income under IFOS. As there is no tax liability, no concealment of any income; hence no chance of any interest or penalty.
u can also opt for 44AD fil itr 4 for a.y. 2017-18 else itr 4s for prior to a.y. 2017-18
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