Raship Gupta (student) (52 Points)
29 July 2014HELLO I AM TAKING PRIVATE TUTIONS IN A COACHING CENTRE AND RECIEVEING IT AS A PROFESSIOANL FEES AFTER TDS DEDUCTED UNDER SEC 194J.
SO WHICH ITR SHOULD I FILE AND UNDER WHICH HEAD I SHOULD SHOW THE INCOME.
SHOULD I SHOW IT UNDER HEAD SALARIES OR UNDER P&L ACCOUNT AS GROSS RECIEPTS
PLEASE REPLY ASAP AS IT IS THE CASE OF REFUND
M. N. JHA
(CA)
(8316 Points)
Replied 29 July 2014
It is not salary income. It is your professional receipt. File ITR-4.
Hitesh Khanna
(Accounting & Finance Taxation Company Law Audit )
(839 Points)
Replied 30 July 2014
I would Like you to concider three points
1. Gross Amount Earned by you from Private Tutorials.
2. Repeativity of Such Coaching Activity by you in the comming Future.
3. For How Long you have been Teaching ??
Concidering that you are a Student and Have No professional qualificatuion associated with coaching,
Show the Income under Other Sources
CAclubindia
