Hello sir, i am giving home to home personal tutions with approximate income upto 1.5 lakhs annually also having some interest income from FD and saving, but overall income is below tax exemption limit.Now I am confused about which ITR form to file . So that I could claim TDS refund if any
Ans: Person giving teaching service is considered as professional and taxable under the head Income from Business and Profession. For Income from Business and Profession, 2 ITRs forms available. ITR 3 and ITR 4 (for presumptive scheme). As income is below exemption limit, it is advisable to file ITR 3.