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Itr applicable

Sandeep Bhardwaj (Manager Accounts) (49 Points)

06 August 2012

D/Sirs,

My wife teachs in a public school.Apart from that she take tuttion after school time . she has interest income from saving accounts,while her income is below the taxable limit and ITR never filed before.She would like to file her return of income,but having no record of salary being received in cash. which ITR should be applicable to her ?

Thanks a lot,

Sandeep Bhardwaj

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8 Replies

llllVICTORllll (Internal Auditor) (511 Points)
Replied 06 August 2012

as There is business income(or professional income whatever u may call) is involved called Tution income, You can use ITR 4S, and show salary, other source income and tution fee.

I recommend itr 1 as said below

If tution fee is not substantial then, use itr1 and show tution fee as other source income. REcord of salary recieved is not so important, as long as you have record of being employed.. but it is very important that you get salary slips in future(it is your right you know).

I also want to know why you want to file return if income is below limit and no refund is expected?

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Pathik (.) (83 Points)
Replied 06 August 2012

I agree..use ITR 1 if tution fees are not substantial otherwise preferable to file in ITR 4 so that you can claim some of the expenses against it.

Rakesh Kumar (Sr. Finance & OPS Executive) (87 Points)
Replied 06 August 2012

Accepting Victor

Prateek Jayachandra (Tax & Audit Professional) (49 Points)
Replied 07 August 2012

My suggestion:-

1. File under ITR 1

2. No need to disclose tutions income if you are receiving by cash & it's not substantial OR

Disclose tution income, if substantial. But you may disclose only part of it i.e just enough not to fall into the next taxable limit.

3. Show interest on savings as income from other sources.

Also not filing return is only applicable for people whose salary & SB interest has been subject to TDS (incase if you have heard of it).

kailashchandra behera (Accoutant) (90 Points)
Replied 07 August 2012

respected sir,

Pls tell me name of income tax ward/circle for tution fees...

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Sandeep Bhardwaj (Manager Accounts) (49 Points)
Replied 07 August 2012

Thanks u all gentlemen!

Thanks a lot for replying my querry, I am aware that if the income is not taxable and no refund ,the filing of return is not required.I am having house on fund provided by public Bank, in future to get the enhancement in loan or new loan for purchasing a better accomadation ,the return of spouse may be helpful.That is the reason to file the return of wife.

Thanks,

Sandeep Bhardwaj

Jai Kumar (CA_Final_ Nov 12) (63 Points)
Replied 08 August 2012

Originally posted by : Sandeep Bhardwaj
	Thanks u all gentlemen! Thanks a lot for replying my querry, I am aware that if the income is not taxable and no refund ,the filing of return is not required.I am having house on fund provided by public Bank, in future to get the enhancement in loan or new loan for purchasing a better accomadation ,the return of spouse may be helpful.That is the reason to file the return of wife. Thanks, Sandeep Bhardwaj

If you are filing for the purpose of Loan n all. Then Better go for ITR 4(S) (as bank prefers Business Income over Other Income). However, if u go for strict inference (presumed that tuition income is not substantial) then u shud file ITR 1