banner_ad

Tuition Income

Tax queries 272 views 3 replies
User Avatar

consultant
79 Points Posted on 20 October 2020

Dear experts,

 

One of my client having income from Tuition and interest income. Please clarify following:-

 

1. which ITR to be filed

2. Whether tuition income can be shown as "Professional income u/s 44AD and show 50% profit as income.

 

Regards

 

P Narayanan

 

Reply Share Follow
On 20 October 2020 at 15:53 Report
Replies (3)
User Avatar

17 Points Posted on 20 October 2020
Sent your details through email to me I will Filled it for u
Reply
On 20 October 2020 at 16:41
User Avatar

Accountant
3662 Points Posted on 20 October 2020
Use ITR 3 Form to file Tuition & Interest Income under Income from profession

You can't file u/s 44 AD
9 Reply
On 20 October 2020 at 23:52
User Avatar

Tax consultant
5895 Points Posted on 21 October 2020
As teaching proffession is not covered under sec 44AA(1) any notice hence you are not eligible for presumptive taxation under 44ADA
the fees received from teaching is taken as gross receipts hence you can file ITR 4 under section 44AD
57 Reply
On 21 October 2020 at 01:02


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details