ITR 3 or 4?

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18 Points Posted on 27 July 2020
Individual having his own coaching institution and teaches maths there....so does it come under profession?
which ITR to file for A.Y. 2019-20, ITR 3 OR 4?

KINDLY HELP...

REGARDS
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On 27 July 2020 at 13:27 Report
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This discussion clarifies which Income Tax Return (ITR) form an individual running a coaching institution should file. It confirms that providing teaching services falls under 'Profits and Gains from Business or Profession' (PGBP). The advice given is to file ITR 4 if opting for presumptive taxation, otherwise, ITR 3 should be used for AY 2019-20.

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1102 Points Posted on 27 July 2020
As assessee providing teaching services to students which taxable under head PGBP

ITR3 and ITR4 both are filled for PGBP income,
ITR3 is file for normal case
ITR4 is file for presumptive taxation
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On 27 July 2020 at 13:37
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20 Points Posted on 27 July 2020
Yes, providing coaching classes are covered under the head PGBP and ITR 4 will be filed in case of presumptive taxation otherwise file ITR 3
1 Reply
On 27 July 2020 at 13:54

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