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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
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