Which itr form and in which head i show my wife income

This query is : Resolved

Gaurav kamra (Querist)
Follow

17 July 2013 Dear sir
My wife have income from interest and tution fees she also has interest from sahara f/d which tds has been deducted
please tell me under which head his income taxable & which ITR require for the same
Income from interest is 10000
Income from tution fee is 100000
Thanks

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

17 July 2013 If the tuition fees earned not as the profeesionals covered under 44AA then you can file ITR-1 showing all income as Income from other sources. other wise ITR-4

Guest

Guest (Expert)

18 July 2013 18.07.2013

Dear Gaurav,

Your wife's current annual income of Rs. 1,10,000/- for the FY 2012-13 (Asst. Year 2013-14) is below the present minimum taxable limit of Rs. 2,80,000/- for housewives. If she holds a PAN No. and files her own Annual Return, tuition fees will be shown under the head "Profits and Gains from Business or Profession" and interest income will be shown under the head "Income from other sources".

Regards,

Upgrade to CAclubindia Pro. Subscribe Now!