Job + tution income return form

Tax queries 767 views 6 replies

Arjun

Company

25 Points Joined 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.

Replies (6)

Ganeshbabu K

Audit and Tax Advisory

48564 Points Joined May 2012

GO FOR ITR1 AND TUTION INCOME CAN BE STATED IN OTHERINCOME

Revanth

Job

145 Points Joined December 2009

You can file ITR1 which covers both salary and other incomes

Harsh Khakhi

CA LCS

103 Points Joined January 2009

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.

NAVEESH DHAR

ADVOCATE- TAXATION ADVISOR

427 Points Joined November 2011

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.

KARANDEEP,CA,B.Com,CS FNL

JOB

457 Points Joined March 2010

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.