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Job + tution income return form

Arjun (Company) (25 Points)

10 April 2013

Hello Sir/Ma’am,

I am currently doing job as a Professor at Diploma Engineering college, I am getting salary from the college via cheque and also I am running tuition classes for the students which results into cash payment so can you please tell me which form should I use to E-file the return (ITR 1/ITR2 or any other form).

Also tell me how to show the same in the respective Form.

I want to show my both income so that I can apply for the higher amount of loan form the bank.

Your early response will be appreciated.

Thanks & Regards,

Arjun.

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6 Replies

Ganeshbabu K (Audit and Tax Advisory) (48559 Points)
Replied 10 April 2013

GO FOR ITR1 AND TUTION INCOME CAN BE STATED IN OTHERINCOME

1 Like

Revanth (Job) (145 Points)
Replied 10 April 2013

You can file ITR1 which covers both salary and other incomes

1 Like

Harsh Khakhi (CA, LCS) (103 Points)
Replied 11 April 2013

I think you should file ITR-4.

According to me, the income from tuitions classes should be clasified as Profits & Gains from Business & Profession.

So you should file ITR-4 in my view.

1 Like

NAVEESH DHAR (ADVOCATE- TAXATION ADVISOR) (427 Points)
Replied 20 April 2013

You should file your income tax return in ITR-2 by disclosing the Income from Salary in salary head and Tution income under the head Income from other sources. Further, for your information ITR1 applicacble only for income from salary & Interest Income.

1 Like

KARANDEEP,CA,B.Com,CS FNL (JOB) (457 Points)
Replied 22 April 2013

Originally posted by : Harsh Khakhi
	I think you should file ITR-4. According to me, the income from tuitions classes should be clasified as Profits & Gains from Business & Profession. So you should file ITR-4 in my view.