CS MOHIT SALUJA (PRACTICING CS Jalandhar 9914558709) 25 March 2012
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
CA. Tushar Mittal (CA Professional in Practice) 26 March 2012
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.