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Income from tution

ANIL KUMAR KHETAN (PROPRIETOR) (510 Points)

26 May 2024

income from tution is business income or professional income .ITR 4 file or not . Business code also required. Please advice me

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Mohammed Nadeem Ansari (67 Points)
Replied 26 May 2024

If you are providing tuition services independently, it's considered professional income, and you can opt for ITR-4 under Section 44ADA if eligible.If you are running a coaching center or a similar business setup, it may be classified as business income.

For teaching (professional): 16019 If running a coaching institute: 16011 (Technical education) or 16012 (General educational services)

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ANIL KUMAR KHETAN (PROPRIETOR) (510 Points)
Replied 26 May 2024

It is not a specified professional income , so not required presumptive income under section 44ADA . I am right or wrong please clear the position

sabyasachi mukherjee (26922 Points)
Replied 27 May 2024

44DA IS NOT REQUIRED ALWAYS

ANIL KUMAR KHETAN (PROPRIETOR) (510 Points)
Replied 27 May 2024

What procedure I shown tuition income in case of without books of account

sabyasachi mukherjee (26922 Points)
Replied 27 May 2024

Ok tuition does fetch income

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