Tuition Income

This discussion clarifies the correct Income Tax Return (ITR) form for individuals earning income from tuition and interest. Experts advise that tuition income, being from a profession, should be declared using ITR 3, under 'Income from profession'. It's noted that teaching is not covered under Section 44AA(1), making presumptive taxation under Section 44ADA ineligible. While ITR 4 under Section 44AD might seem applicable as fees are gross receipts, ITR 3 is the recommended form for accurate reporting of professional income.