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Source of income

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 March 2016 Under which head, income from tution fees can be shown,B&P or IFOS
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CA Shyam Agarwal

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CA Shyam Agarwal (Expert)
03 March 2016 If you are completely involve in teaching filed then you should show income from B&P. but you taking classes as part time then, u can show under O.S.
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Amol S Joglekar

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Amol S Joglekar (Expert)
03 March 2016 Prima facie, it is income from business/prefession
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