sir i am student and earn 8-9 thousand per month by giving Tution and saving account interest RS 6000 this year so i want to know which itr form return i have to file. i check on internet but there is no proper clarification . some people say other sources in ITR 2 and some say ItR 4 in business & profession
plz someone give correct information . Because i have file itr before due date
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Tution fee income in which itr
Replies (4)
yes, u can choose to file return whichever is beneficial to u
In ITR -4 u can show the income at minimum of 6%if tuition fee is received in bank & 8% if other than cash.
In ITR-3, u can claim the expenses.There is no limit.
ITR-2 is not for those who is earning income from business or profession
In ITR -4 u can show the income at minimum of 6%if tuition fee is received in bank & 8% if other than cash.
In ITR-3, u can claim the expenses.There is no limit.
ITR-2 is not for those who is earning income from business or profession
If you do not have any other income except from conducting tuitions, then you can file ITR3 (for the AY2018-19) or ITR4 (for the AY2018-19 - presumptive income). Interest on Savings A/c can be shown under income from Other Sources. Your tuition fee income will be a business income.
i am giving Tution part time it is not my main business....
You need to file itr 4
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