Hello sir/mam
I have a income from tuition..... I don't have any main business.... I m a student..... Some senior guide me to file return for future benefit...... I want to treat this income under head other source..... And file itr 1......please rectify me....... And please give some guidelines to file ITR...... By providing link or anything u think help me..........
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Thankx in advance
Tuition income ...u should file through it r 4 and should fill p& l Ac. Very simple show income and other exp.like books periodicals etc. It will be helpful in long run
I think you should treat your income from tuition as income form other sources and for this purpose 'ITR-1" is most suitable. Following link is helpful to understand it.
https://cleartax.in/guide/whichitrtofile
Also, ITR-1 has been attached herewith. Fill it and after validate it, you file your return online. However you may also opt for filing return by physically submit it in your case.
Also in terms of ease , Itr 1 is easy compared to Itr 4.
Go for Itr 1 without worrying much. All the very best.
Still if you have any query or need my help in filling Itr, drop me a msg @ 8655698288 or Email: Mejoshivivek @ gmail.com.
I'll be happy to help you
It is treated as Income from Business to use ITR4,Prepare Acutal Income & Expenditure, Balance Sheet.Show Proper adequate assets in Balance Sheet. Do no make weak balance sheet for first year.
I m not having a Institute I just give tuition home tuition and I don't think I need to make a balance sheet,,,, and I thought I treat it income under head other source is good.........
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