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tax on coaching income
I earned 4,00,000 from tuition's income , 45,000 bank interest and deposit 1,50,000 in PPF in 17-18 . Would anybody tell me how to compute tax U/S 44AD presumptive income scheme and which ITR form should i file.
Replies (5)
No need for Sec. 44AD......... You can file ITR 1 or ITR 3.......... There is no tax liability after deduction u/sec. 80C and rebate u/sec. 87a.
but if he opts for ITR 1 what shpuld he mention in the field of employer field. can it be left blank
'Not Applicable'
ok sir
thanks sir
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