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Tution Income and Salary

Mikhil Gupta (Student) (50 Points)

16 April 2017

My wife earns tution income which was fully deposited by self in bank and after sometime she got govt job now under which ITR form her income should filled?

Regards
Mikhil

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (161024 Points)
Replied 16 April 2017

If Tuition income is main source of income, choose ITR 3; else go for ITR1.

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Mikhil Gupta (Student) (50 Points)
Replied 16 April 2017

TUTION INCOME IS 200000 AND SALARY IS 70000

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (161024 Points)
Replied 16 April 2017

Option 2: If you wish to deduct any exepenses incured for generating the tution income, declare it under PGBP head; where in you will have to file ITR 3 with BS & P&L acc details.

But there is no tax liability (as after rebate u/s. 87a); so you may use ITR 1 Sahaj, and declare the tution income under IFOS. As there is no tax liability, no concealment of any income; hence no chance of any interest or penalty.