04 April 2015
Respected members, I am a private tutor and income from it is my only income. I fall under which category? Self employed business or self employed professional? Also my annual income is approx 2,20,000. i have not maintained any records of the same. since all the transaction is in cash. which ITR should i file? Kindly guide my regarding this.
04 April 2015
Dear priyanka if your income is below than threshhold limit i.e 2.5 lacs then need not file itr. In case you want to file itr you haveto file Itr 4 Iin which is required to be filled by businessmen and professsionals. In the business code you can choose the catergory tuition receipts.