I am a seasonal teacher in banking coaching institute and also running my own institute which incometax form and code

I am a seasonal teacher in  banking coaching institute at delhi and also take 3 to 5 teachers with me and the amount recd. for all teachers in my bank account Rs 6 to 7 lakh and from there I make payments to other tachers and I am also running my own institute in Amritsar (punjab)  and having an income  of  1 to 2 lakh . which  IT form AND IN WHICH CODES I CAN FILE MY INCOME TAX RETURN FOR AY 2017-18

 

ksa86 Asked on June 13, 2017 in Taxations.
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1 Answer(s)

You are doing Teaching as a Profession, you should use ITR 3.  You can use code 0607 Professional Others.

Regards

TaxIQ Answered on June 15, 2017.
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