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Business code for home tution for ay 2018-19

Jigar Morbia (Director - Quality) (52 Points)

09 July 2018

Sir,

Which "Nature of Business Code" do I need to select for Home tution for AY 2018-19? Is it 16019? Earlier I was using 0607-Professional-others.

regards,

Jigar

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13 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (185652 Points)
Replied 09 July 2018

Use ..... '17007'

1 Like

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Anjali P Nair (ACA,ACMA) (582 Points)
Replied 09 July 2018

U can use the business code " 17006 "-Coaching centers & Tutions.

J S BHAVSAR (CONSULTING) (1288 Points)
Replied 09 July 2018

If we use a business code in ITR4, does CBDT require the Tuition classes business be registered with a registered document?

Then, how about educated housewives taking home tuitions? Can they also use 17006 or 17007 code?

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 09 July 2018

Originally posted by : J S BHAVSAR
	If we use a business code in ITR4, does CBDT require the Tuition classes business be registered with a registered document? Then, how about educated housewives taking home tuitions? Can they also use 17006 or 17007 code?

Yes... Better to use 17007 for Home Tuitions by H/W or SOme persons

17006 will be use who is conduct tuition centre and Coaching...

2 Like

Jigar Morbia (Director - Quality) (52 Points)
Replied 09 July 2018

Thank you so much sir

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Narinder Garg (39 Points)
Replied 10 July 2018

for tution income p & l account and balance sheet is mandatory???

J S BHAVSAR (CONSULTING) (1288 Points)
Replied 12 July 2018

In ITR3 if Code 17007 is selected, which schedule line to enter the amount of income earned from Tuition?

Is P&L statement mandatory for home tuition work which is not registered entity of housewife?

Narinder Garg (39 Points)
Replied 13 July 2018

am a govt. employee total taxable salary 11,15,820 Rs a.y 18-19 which Itr file???

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 13 July 2018

You can file ITR 1 for Your salary income....

J S BHAVSAR (CONSULTING) (1288 Points)
Replied 17 July 2018

In ITR3 if Code 17007 is selected, which schedule and which row to enter the amount of income earned from home Tuition?

Is P&L statement mandatory for home tuition work which is not registered entity of housewife?

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Subhabrata Samajder (2 Points)
Replied 19 July 2018

Hi,

I was wondering what should be the code for someone with income from teaching in colleges and universities on a temporary basis. Last year the code was 0607. Also is it the same as presumptive income.

Thanks.

J S BHAVSAR (CONSULTING) (1288 Points)
Replied 19 August 2021

Originally posted by : J S BHAVSAR
	In ITR3 if Code 17007 is selected, which schedule line to enter the amount of income earned from Tuition? Is P&L statement mandatory for home tuition work which is not registered entity of housewife?

Can someone clarify?