Taxability for Private Coaching

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Can any one guide me regarding taxability for the private CA/CS coaching classes?

How are they taxed? What are the tax implications for them? Are there any exemptions for them? Kindly guide as if the class is either a PVT. LTD Co. or an individual...

Replies (3)

no specific exemption , they will be taxed normal !!

इस प्रकार के संस्थानों में अक्सर शिक्षक खुद को employee दिखाते है. अगर ऐसे  दिखाए तो उनकी salary हो जाएगी, वर्ना PGBP Income मान ली जाएगी.

Private Coaching Class is liable to pay income tax  on  its net income. 

It is required to pay Service TAx also if  Fees Recieved exceeds Rs 10.00 lacs


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