which ITR should be file in case of income from tution of a housewife?
confusion b/w Other source & 44AD(code 17007).
Menu
Urgent.. tution fee under which head?
Replies (9)
she can opt for 44ada if her gross reciept is less than 50 lack under the head PGBP itr 4
no code describe such profession
show as income from other sources
if profession not mention under 44aa than no 44ada but tutsion income will be treated as PGBP not ifos
Tuition income can be shown as IFOS if it is done as a residuary in part time basis.
SHOW AS INCOME FROM BUSINESS
U/S 44AD
CODE OTHER SERVICES
go for 44ad is she is giving tutsion full time if she give part time then ifos
Tuition income should be treated as Business Income.
Tution income to be treated as IFOS - not regular source of income.
Tution income to be treated as PGBP - If regular source of income.
Recent Threads
- Capital Gains from Cancelled Residential Project
- Import of goods data in IMS
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
- Company strike off with loan waiver accounting iss
- Board resolution for authorization for GST
- Invoice related audit
- Gst input credit related
- Updated ITR as missed the dead line
Related Threads
CAclubindia
