Sec 44ad(presumptive income) for tuition income

Tax queries 950 views 5 replies
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Chartered Accountant
413 Points Joined September 2007

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.

 

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On 22 June 2018 at 22:17 Report
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198 Points Joined May 2018
You have to show the tution fee under income from other source
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On 22 June 2018 at 22:32
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Accountant
3479 Points Joined August 2014
No, you can't file ITR under section 44 AD
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On 22 June 2018 at 22:43
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Gaining knowledge
1039 Points Joined October 2015
which course of tuition, is it school students or College/institute ?
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On 22 June 2018 at 23:31
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25 Points Joined September 2016
Is tuition is his main source of income?
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On 22 June 2018 at 23:45
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Chartered Accountant
413 Points Joined September 2007

yes tuition income is the main source of income.

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On 19 July 2018 at 22:13


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