I have following sources of income
Pension~ 130000/yr
Bank interests~ 15000/yr
Tuition income~ 75000/yr
Whether ITR-1/ ITR-2/ ITR-3 will be applicable in my case for AY 2009-10?
11 Replies
PRAVEEN KUMAR
(MBA (Finance) B.Com.(P))
(3443 Points)
Replied 20 June 2009
i think ITR-4 should be filed in case of income from tution income, it represents income from business & profession.
CA. Dashrath Maheshwari
(TaXpert)
(15103 Points)
Replied 20 June 2009
You have to file ITR-4, you can cliam the expenses on stationery, books, board, furniture-depreciation etc. in respect of tuition income.
Anumanchipalli Sathikonda
(Tax Consultant)
(1559 Points)
Replied 20 June 2009
ITR 4 is the correct form. Imparting education is a profession
Sathikonda
Adv.Gautam Shethiya
(Proprietor)
(67 Points)
Replied 20 June 2009
I think Yes ITR 4 is correct form as it Includes Salary/Pension Details , Income from Other Sources ,& Business Income .
Sagar
(Student)
(142 Points)
Replied 20 June 2009
ITR-4 is to be used for this fiiling of return just only because of Tution Fees......
Ajay Kumar Rai
(Chartered Accountants)
(89 Points)
Replied 20 June 2009
ITR-4 is applicable in this Case
CA Vishvesh
(Chartered Accountant)
(187 Points)
Replied 23 June 2009
in my opinion you should go for ITR 4, the benifit here is that you can calim expenses allowed w.r.t electricity, rent if any, printing etc in your computation.
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