Comment on Tradetax for income tax returns when trading
commented on
25 Aug 2016, 04:09 PM
Hello
If the amount of income from tuition fees is nominal during the year, the same can be declared under Income from Other sources under ITR-1 – as rightly done by you over the years.
However, if the income is repetitive over the years, it will be considered as professional income. In such case, ITR-4 will have to be filed.
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