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Income from tuition fee

CA SANTOSH SAH (CHARTERED ACCOUNTANT) (183 Points)

19 May 2012

Dear Friends,

A person have income from tution fee received from student of their neighbours which is less than Rs.200000.

Anybody know that in which income head Tution fee should be shown while filling the return.

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10 Replies

ankita Goyal (Student CA Final) (113 Points)
Replied 19 May 2012

Your Income will be income under the head other sources .

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CA SANTOSH SAH (CHARTERED ACCOUNTANT) (183 Points)
Replied 19 May 2012

Dear Friend Ankita,

Very Very thanks to give me ur precious time of Articleship,I am also agree with ur answer but can u tell me in which section of income tax Act. ,It may be specified.

Thanks With Regards

SANTOSH

Anupreksha Thote (CA) (285 Points)
Replied 19 May 2012

If you intend to continue with tution income then show your income as Profit or Gain from business or Profession(PGBP)

As it will help you to claim expenses against your income in future where your income will go on increasing.

If its one time transaction then either treat it as PGBP or income from other sources.

1 Like

CS,CA F,Numrologi TusharSampat (CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert) (85930 Points)
Replied 19 May 2012

Originally posted by : Anupreksha Thote
	If you intend to continue with tution income then show your income as Profit or Gain from business or Profession(PGBP) As it will help you to claim expenses against your income in future where your income will go on increasing. If its one time transaction then either treat it as PGBP or income from other sources.

AGREED.

KARANDEEP,CA,B.Com,CS FNL (JOB) (457 Points)
Replied 19 May 2012

Originally posted by : Anupreksha Thote
	If you intend to continue with tution income then show your income as Profit or Gain from business or Profession(PGBP) As it will help you to claim expenses against your income in future where your income will go on increasing. If its one time transaction then either treat it as PGBP or income from other sources.

tOTALLY Agreed

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Neha sharma (-) (1257 Points)
Replied 19 May 2012

You cannot claim any expenses if the income is shown under other heads

moreover - you have earned this money by providing services so it should be under the head PGBP

CA SANTOSH SAH (CHARTERED ACCOUNTANT) (183 Points)
Replied 19 May 2012

Thanks for all to give me reply about my doubt with ur precious time,I understood this problem clearly.

Harsh Wadhwa (CA FINAL) (76 Points)
Replied 21 October 2014

Can Anybody tell " agar kisi ko apni income tuition fee me show krni hai to kaise krenge ,,,,, to uske liye other sources me show kre ya fir income under head pgbp me show kre ??????

Thanks in advance