I am a govt employee and I use give tution to the students. If the income from the tution has to show in the ITR which form should I use?
Menu
Which itr form should i use?
Replies (6)
u Should File ITR -4
first fill the ITR it only recommends to you
file Itr 1
U should file itr 4.
You can show Tution Income as your Business Income or as Income From Other Sources, both the options are available and valid. But it would be better if you show it as your business income and file ITR-4 to avoid the possible hassles of Income Tax Department.
Recent Topics :
- Representative assessee
- Investment Income as Business Income for Sec. 44AD
- In ITR 4 u/s 44ADA what amount we shoud show under
- Salary expenses how to treat
- Pos related issue
- Gift of unlisted shares to friend upon marriage
- Utilising Section 54(F) for capital gains reinvest
- GST ewaybill closure and Bill to ship to GST numbe
- TDS ON PARNTER INTEREST
- Share important chapters of ca inter costing
Related Topics :
CAclubindia
