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Tuition Income

Sanja Pintu (Student) (38 Points)

19 July 2011

Tution Income, whether professional Income or Business income????

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12 Replies

(Guest)

Professional if its ur occupation otherwise charge it in other sources income...............

C.A SHASHANK GOYAL (Chartered Accountant) (362 Points)
Replied 19 July 2011

HI, in my opinion tution income should be professional income and not bussiness income reason being if it is being backed by some special knowledge that is carrying out any CA or CS then it is professional income otherwise it wil be taxable under the head income from other sources .

U S Sharma (glidor@gmail.com) (21056 Points)
Replied 19 July 2011

when its above 1.5 lacs per annum go for professional income and pay profession tax enrollment tax, maintain minimum books of accounts

when its below 1.5 lacs, it may be professional income or income from other sources

Mohana Harish (AUDIT TEAM LEAD - CA FINAL) (468 Points)
Replied 20 July 2011

Basically It Comes under professional income because one render such service by using his skills & talents accquired during his studies & practical teaching . so in this point of view it is considered as professional income it is not business and other wise it is treated under income from other sources

Sumiti Jain (FP) (1364 Points)
Replied 20 July 2011

Originally posted by : Mohana Harish
	Basically It Comes under professional income because one render such service by using his skills & talents accquired during his studies & practical teaching . so in this point of view it is considered as professional income it is not business and other wise it is treated under income from other sources

(Guest)

no doubt its a PROFESSIONAL INCOME

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert) (85930 Points)
Replied 20 July 2011

Originally posted by : U S Sharma
	when its above 1.5 lacs per annum go for professional income and pay profession tax enrollment tax, maintain minimum books of accounts when its below 1.5 lacs, it may be professional income or income from other sources

AGRRED.