Tax Filling For Slef Employed (Tutions)

Originally posted by : Mr. JHA
	Nice Harshit bhai. . . Phir se typing ko tyoing kar gaye. . . . . . . No problem i m also did the same mistake lot of times. . . . . .

he is saving "ink" on pc screen also ..................... using o in place of p means one I saved 

@ sunshine.... aap itni kagazi karyawahi mein matt pada karo.., :) :)

frnds, sorry but i didnt get the exact answer actually, that questn was not mine but i want to know...

first self employed and school tutions- means she is running own school....

harshit plz support me, i didnt get clear with the meaning- self employed and school tutions...

Hi Neha,

What i mean by Self Employed is that she is not working for any school and has no Employer, she takes home Tutions for school children....

Hope its clear now...

घर पर शिक्षक

@ Harshit-

I am also filing my ITR for tuition income in ITR-4 under head Business Income.

Just make a Income & Expenditure A/c showing tuitions receipts and expenses like stationary, printing, electricity etc and fill the return.

Moreover if fee receipts is less than 150000/- then no need to maintain any books or documents.

Hope u got ur answer.

Hi Pooja,

Thanking You Very much...... I think Eveything is clear now... Thans a Lot !!

Hi,

I also have few Queries regarding my Tax Calculation.

I am a Arbitrager by Profession (Basically, Shares Trading) and I work on a profit sharing basis, I do get a Form 16A from my employer. I file my returns using the ITR4. I have few queries, if someone can asnwer them.

Q.1) My Form16A does not show anything as Conveyance allowance, Can i Still Deduct the Conveyance allowance of rs800pm from my gross income and than calculate the Tax.

Q.2) Can i Ddeduct the followng expense from my gross income and than calculate tax.

  - Mobile Bills (work)

  - Travelling Expense (Rickshaw & Cabs)

  - Financial Consutlant (Paid him in Cash, no bill)

  - Clerk working for me (Pay him in cash)

Thanks,

Harshit Patel