Cbdt: ay2014-15 onwards,tuition income not a genuine source.

PALASH (Nothing) (2000 Points)

14 January 2014  

CBDT WARNS TO SMALL & MEDIUM TAX PAYERS REGARDING UNEXPLAINED INCOME & VIOLATION OF SECTION 44AA ONCE AGAIN...

FROM A.Y 2014-2015 ON-WARDS , TUITION INCOME ( on Irregular Basis ) CANNOT BE TREATED AS A VALID SOURCE OF INCOME OUT OF WHICH YOUR VARIOUS INVESTMENTS WERE MADE .
SO, FROM A.Y 2014-2015 ON-WARDS ,, YOU HAVE TO PRODUCE SUCH A PROPER AUTHENTICATE DOCUMENTARY EVIDENCES FOR SUCH KIND OF INCOME , OTHERWISE , THERE IS A PROBABILITY THAT , Income tax Officer may impose Penal Provision as UNEXPLAINED INCOME .

It's a responsibility of the assessee to produce with proper documentary evidences before an ITO/ASSESSING OFFICER ,, if there is any scrutiny for such kind of Tuition Income . 

Thanks.