Income from Teaching classes and F&O

ITR 69 views 1 replies

Hi,

My wife has very small income from Teaching classes at home, also from F&O trading.

If she has to fill in the ITR3 form, will it fall under 17006- Coaching centre and Tuitions?

Looks like ITR3 is a very complicated form with balance sheet and all, can we submit ITR1 instead, her income is not that substantial just Rs80000 last year and F&O loss of Rs.3298?

please suggest.

 

Replies (1)
If you forget F&O loss and declare it under sec. 44AD with just 6% profit, you can file ITR 4.


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