Income from tuition

Manoj Gonarkar (Accountant) (125 Points)

03 September 2018

Can I show net profit less than 50 % on gross receipt income from coaching classes & tution??

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6 Replies

Ashwin Kumar (CA ipcc) (449 Points)
Replied 03 September 2018

income by way of profession. Under 44ad you should show a minimum 50% profit.

Manoj Gonarkar (Accountant) (125 Points)
Replied 03 September 2018

can I show less than 50 % on gross receipt ?

Krati Agrawal (79 Points)
Replied 03 September 2018

you can show your gross profit less than 50% under section 44ADA, But in that case You Need To Maintain Books and Make Them Audited.

Manoj Gonarkar (Accountant) (125 Points)
Replied 04 September 2018

coaching classes is not professional income it's come under service sector.

Avtar Singh (363 Points)
Replied 04 September 2018

Mr. Gonarkar is very write it's not a profession.you can claim it u/s. 44AD.

priyatambika ( ca final student) (323 Points)
Replied 04 September 2018

private tuition is not a specified profession u/s 44ADA, so here nothing like 50 %.profit claiming..

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