How to Show income from Giving Tuition

This query is : Resolved

Ajay Pandey (Querist)
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19 April 2010 Dear Sir,

I have a query related to filing an income tax return for an assessee having a Income from giving Tuition to Students.

1) have to show this income under head income from other sources

2) Use ITR FORM 2

3) Did have to issue a receipt vch with Re1 for cash receiving above Rs.1000.00 and without stamp for cheque.

4) Maintain all these receipts or the bank Pass book is enough showing the entry of amount received.

5) While submitting the return what type of documentation required.

Please give me a details information.

Regards,

Ajay

Rahul Vora

Rahul Vora (Expert)
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20 April 2010 1. You have to show this income as business income
2. Use ITR Form 4
3. Revenue stamp for cash rec. above Rs.5000/-
4. Yes receipts and bank pass book is enough. Also, bills for expenses are to be kept
5. Return to be submitted on the basis of above documents