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Income tax return
Hello,
i am filling my first ITR and have some stipend income which i think is TAX FREE and some TUTION income in cash and some interest on saving bank A/c i want to ask whether i can file ITR 2 by showing tution income as other sources as i donot want to claim expenses this year.and which other income i can show in my first return
Replies (1)
Hi Ayush,
Even though you do not want to claim any expense, the substance of your income is through business/ professional activity of teaching.
hence, filing ITR-2 will mean filing of invalid return, I.e., return not filed at all.
You may please file ITR 4 / 4S depending on other parameters.
Even though you do not want to claim any expense, the substance of your income is through business/ professional activity of teaching.
hence, filing ITR-2 will mean filing of invalid return, I.e., return not filed at all.
You may please file ITR 4 / 4S depending on other parameters.
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