Menu
Income from tution
income from tution is business income or professional income .ITR 4 file or not . Business code also required. Please advice me
Replies (5)
Quick Summary
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)
For teaching (professional): 16019 If running a coaching institute: 16011 (Technical education) or 16012 (General educational services)
It is not a specified professional income , so not required presumptive income under section 44ADA . I am right or wrong please clear the position
44DA IS NOT REQUIRED ALWAYS
What procedure I shown tuition income in case of without books of account
Ok tuition does fetch income
Recent Topics :
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
Related Topics :
CAclubindia
