Sec 44ad(presumptive income) for tuition income

Tax queries 1138 views 5 replies

An Individual is earning income from tuition. Is it Business Income or Professional Income? Can i opt for Presumptive Income u/s 44AD for calculation of Business/Professional Income?

Secondly, can i file the same u/s 44AD in this year if the last year ITR was filed under normal provision of Business Income?

Thanks in advance.

 

Replies (5)
You have to show the tution fee under income from other source
No, you can't file ITR under section 44 AD
which course of tuition, is it school students or College/institute ?
Is tuition is his main source of income?

yes tuition income is the main source of income.


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