cpc

which itr form applicable to tuition income


I have following sources nof income:

Pension to the tune of 130000

Bank interests~ 15000

Tuition Income~ 75000

Which form ITR-1/ ITR-2/ ITR-4 is applicable for AY 2009-10?

 

 
Reply   
 
Advocate

ITR-4

 
Reply   
 


FINANCE MANAGER

I agree with A V Vishal Sir

Because Tutution Income is a Business Income

 
Reply   
 

Form ITR-2 is for what? In column for 'income from other sources', can this tuition income be shown?

 
Reply   
 

Hi,sir,If you are taking the tution classes regularly,it is an occupation taxable under the head business or profession,Hence, ITR-4 is correct form of return.Answer for ITR-2-It is for the persons who are having Income taxable under the head-salay-house property and Income from other sources.Hope this clarify your issue.

 

 
Reply   
 

Thanks a lot for all replies. If one takes tuitions off & on & hence receives irregular ammounts as tuition income, can he show this income as ''income from other sources" in ITR-1 or ITR-2? This is for sake of knowledge only!

 
Reply   
 

Hi,sir,yes u can show it as income from other sources

 
Reply   
 

ITR - 4

 
Reply   
 

If tuition income is main source of your then u have to file ITR 4 only

 
Reply   
 

LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  



 

  Search Forum








×

Menu

IPC Grand Course     |    x