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This query is : Resolved

rajeev (Querist)
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20 February 2014
sir,

as per your advice itr 2

in which heads tuition income received

and

fdr interest received

thanks

Querist : Anonymous

Querist : Anonymous (Querist)

20 February 2014 hello sir/madam
my name is mahesh i want to start a kirana/general stores so what is the percent of tax i should pay after starting the shop

CA Nitesh

CA Nitesh (Expert)
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20 February 2014 Hi Raviv
Tuition is a profession. Thus tuition income can be shown under Business/Profession head.
Alternatively if tuition income does not exceed taxable income you can even show the same under Income from Other Sources.
Interest received from FD is to be shown under head Other Sources

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