Receipts from private tutions and coaching

sood (Querist) 11 October 2010 This query is : Resolved
My wife is giving private tuitions and coaching to school children . No books of account are being maintained by her. What is the maximum amount that can be shown as income from tuitions in her IT return without any books of account and details of receipts.

Can any one clarify

Thanks in advance

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Hitender Gaur (Expert) 11 October 2010
What is the status of her occupation, and other incomes like- salary, Interest or business, clear this first.

aman kumar (Expert) 11 October 2010
mr sood , pls give status of tutions is it a coaching registered in act .or not she is a govtt employee or not , other income

sood (Querist) 11 October 2010
She is a teacher in a private school getting salary and she has some interest income.Her IT return is being filed regularly

pawan sharma (Expert) 11 October 2010
on which she want to pay INCOME TAX.

AMIT BAJAJ ADVOCATE (Expert) 12 October 2010
Net Income from private tutions work which if you are considering as business income, should not exceed Rs. 120000, to escape from the liability of maintaining any books of accounts u/s 44AA.

soumitra basu (Expert) 22 October 2010
It is better you can show this as income from other source.

Devajyoti Barman (Expert) 24 October 2010
Yes

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