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Tution income


CS MOHIT SALUJA (PRACTICING CS Jalandhar 9914558709)     25 March 2012

CS MOHIT SALUJA
PRACTICING CS Jalandhar 9914558709 
 198 likes  4638 points

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If some one having tution income of Rs. 170, 000 and after deduction of expenses 40000, then in which ITR will it be shown? ITR 4 or ITR 4S

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nitin suvarna (C.A FINAL)     25 March 2012

nitin suvarna
C.A FINAL 
 56 likes  828 points

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it is in nature of income from other sources{ifos} (in general),but if it is the main business  it can be business income too .In IFOS  u can take dedn of exps.....

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CA. Tushar Mittal (CA Professional in Practice)     26 March 2012

CA. Tushar Mittal
CA Professional in Practice 
 2 likes  72 points

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You can show your income from tutions u/s 44AD under head Income from Business & Profession.

There you have to show minimum 8% profit on Gross Receipts.


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