18 June 2008
Greetings, For financial year 2007-08, I earned by giving tuitions. I am single aged 45years and possess PAN card.
My total earnings are Rs.1,30,000 for year 2007-08. My expenses are for house where i live and provide tuitions - Rent (Rs.30,000 ), electricity (Rs.3,600), water and maintenance (Rs.2,400) all others are living expenses. Which ITR should I use? And what will be tax liability?
CAclubindia
