Home tution income

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As my gross income is 500000/- per annum . Is it mandatory to maintain books for me?
Replies (9)
What is your net income
Actually i have salary + home tution
Salary around 200000/-pa and home tution net income around 200000/-pa
Yes you are required to maintain books as your income from tution receipt is more than Rs.120000/-
Thank you very much
One more question
Which itr require to file for me.
And can show as presumtive basis?

Yes you declared income on presumptive basis in ITR-4.

Thank you
Thank you

Always welcome.............................


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