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Posted by Tabish
My parents run a school of which my mother is a principal. She is also working in a government school and earns 1.8lacs per year.
My father is working in a government aided college and earns around 4lacs per annum.
The problem is that we have to show the school imcome in ITR but as my mother is a government employee I think she cannot show it in her income.
But can my father, who is working in government aided college, include the income from school in his total income?
Actually I need to show their income taxable as I need some study loan.
There is one more option, please tell if its possible. We have some agricultural land also. I know agricultural income is not taxablw but is there any way by which we can include it in taxable income?
Please tell if any of the two ways is possible. Thank you.
Updated on : 25/04/2018 15:32:05