why income from private tuition shall be taxed in the head income from other sources instead of PGBP?
arghya ghosh (none) (43 Points)
31 December 2012why income from private tuition shall be taxed in the head income from other sources instead of PGBP?
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 31 December 2012
It can be shown as as income from business. There's no bar for such showing.
manoj
(student)
(5205 Points)
Replied 31 December 2012
if u r higher proportion income from salary den show as income from other source
CA Gaurav Ajit Potdar
(Chartered Accountant)
(846 Points)
Replied 31 December 2012
Income from Private Tuitions should be shown as Business income.
CA Sanjay Bag
(CHARTERED ACCOUNTANT)
(3345 Points)
Replied 01 January 2013
Originally posted by : Gaurav A. Potdar | ||
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Income from Private Tuitions should be shown as Business income. |
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CA abhinandan agarwal
(CA CS Bcom(H))
(174 Points)
Replied 01 January 2013
generally it depend upon the full time tution or part time..if a person is involved fully in tution then its a pgbp income..everything is depend upon fact & circumtances.
Sarita
(Article)
(154 Points)
Replied 01 January 2013
It is depend upon the part time & full time employment.
Full time : - PGBP
Part Time :- Income from other sources....
yogesh khandbahale
(Article Assistant)
(64 Points)
Replied 01 January 2013
deepali agarwal
(Company Secretary)
(1289 Points)
Replied 02 January 2013
It is taxable under the head Income From Business & Proffession
CA Sourabh Goenka
(Chartered Accountant)
(249 Points)
Replied 05 January 2013
In pgbp, two types of income has been taxed: one from business and other one is from profession.
Tuition income can't come under business.. because it's a service not sale.
In Income tax tuition is not a professional activity. there is a list of persons whose income is considered under the professional income like CA, CS, advocate. and only such income which they earn from these profession not from other income
So in neither case tuition income can't be considered in PGBP.