I am a housewife and take tuitions at home for neighbour children and earn approx 8-10K monthly. So my yearly income is approx 1 to 1.5 lakh yearly through tuitions. Again this is not regular, sometimes its less but never exceed 1.20 or 1.50 lakh. Also I have approx 10K income from saving bank account interest and bank FD intrest. Under all circumstance, every year my total yearly income will never exceed 1.60 Lakh even on including bank/fd intrests. I have few questions for which I need advise on this forum:--
(1) Which ITR form I should use if I am willing to file online ITR? To make my life easy and compliant with all income tax rules, can I use ITR1 and show this tuition income as "income from other resources"?
(2) I also wish to file return for FY12-13 (AY13-14) using ITR1 as per details in question#1. Please suggest can I file using ITR1 with "income from other resources" before 31March2014?
(3) Can I also file return for FY11-12 (AY12-13) before 31Mar14 using ITR1? My total income was around 1.70 Lakh in FY11-12.
Thank you all in advance.
CAclubindia
