Tax Filling For Slef Employed (Tutions)

Page no : 2

U S Sharma (glidor@gmail.com) (21063 Points)
Replied 11 July 2011

Originally posted by : Mr. JHA
	Nice Harshit bhai. . . Phir se typing ko tyoing kar gaye. . . . . . . No problem i m also did the same mistake lot of times. . . . . .

he is saving "ink" on pc screen also ..................... using o in place of p means one I saved

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SIDHARTH DHIR (senior articled assistant) (623 Points)
Replied 12 July 2011

@ sunshine.... aap itni kagazi karyawahi mein matt pada karo.., :) :)

CA Neha Singla (Associate) (26 Points)
Replied 12 July 2011

frnds, sorry but i didnt get the exact answer actually, that questn was not mine but i want to know...

first self employed and school tutions- means she is running own school....

harshit plz support me, i didnt get clear with the meaning- self employed and school tutions...

Harshit (Arbitrager) (215 Points)
Replied 12 July 2011

Hi Neha,

What i mean by Self Employed is that she is not working for any school and has no Employer, she takes home Tutions for school children....

Hope its clear now...

U S Sharma (glidor@gmail.com) (21063 Points)
Replied 12 July 2011

घर पर शिक्षक

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Pooja Gupta (CA Final) (216 Points)
Replied 14 July 2011

@ Harshit-

I am also filing my ITR for tuition income in ITR-4 under head Business Income.

Just make a Income & Expenditure A/c showing tuitions receipts and expenses like stationary, printing, electricity etc and fill the return.

Moreover if fee receipts is less than 150000/- then no need to maintain any books or documents.

Hope u got ur answer.

1 Like

Harshit (Arbitrager) (215 Points)
Replied 14 July 2011

Hi Pooja,

Thanking You Very much...... I think Eveything is clear now... Thans a Lot !!

Harshit (Arbitrager) (215 Points)
Replied 20 July 2011

Hi,

I also have few Queries regarding my Tax Calculation.

I am a Arbitrager by Profession (Basically, Shares Trading) and I work on a profit sharing basis, I do get a Form 16A from my employer. I file my returns using the ITR4. I have few queries, if someone can asnwer them.

Q.1) My Form16A does not show anything as Conveyance allowance, Can i Still Deduct the Conveyance allowance of rs800pm from my gross income and than calculate the Tax.

Q.2) Can i Ddeduct the followng expense from my gross income and than calculate tax.

- Mobile Bills (work)

- Travelling Expense (Rickshaw & Cabs)

- Financial Consutlant (Paid him in Cash, no bill)

- Clerk working for me (Pay him in cash)

Thanks,

Harshit Patel