Itr 4
This query is : Resolved
05 July 2014
Where to reflect the expenses on account of rent, electricity, telephone, mobile, vehicle, conveyance, medical expenses etc in ITR 4.
I am being paid salary under 194 J
I am being paid salary under 194 J
05 July 2014
PART A- P & L IN ITR-4
05 July 2014
Deepti,
Thanks a lot
Am I correct in assuming that rent to be filled in item 11 and electricity and fuel for vehicle in 10. Further is it to be entered as a negative value or just as it is such as 10000 or -10000.
I am an Army Officer and respect you for being so prompt.
God Bless.
Regards
Colonel CS Malik
Thanks a lot
Am I correct in assuming that rent to be filled in item 11 and electricity and fuel for vehicle in 10. Further is it to be entered as a negative value or just as it is such as 10000 or -10000.
I am an Army Officer and respect you for being so prompt.
God Bless.
Regards
Colonel CS Malik
05 July 2014
RENT = ITEM 11
ELECTRICITY = ITEM 10 OR ITEM 38 ( DEPEND ON NATURE OF BUSINESS ) YOU HAVE TO ENTERED ELECTRIC EXPENSES IN ITEM 38
FUEL FOR VEHICLE ( PETROL) = ITEM 28
TELEPHONE = ITEM 29
AMOUNT TO BE ENTERED AS 10000 ( POSITIVE VALUE )
ELECTRICITY = ITEM 10 OR ITEM 38 ( DEPEND ON NATURE OF BUSINESS ) YOU HAVE TO ENTERED ELECTRIC EXPENSES IN ITEM 38
FUEL FOR VEHICLE ( PETROL) = ITEM 28
TELEPHONE = ITEM 29
AMOUNT TO BE ENTERED AS 10000 ( POSITIVE VALUE )
05 July 2014
Deepti,
Thanks Once again,
1. I am being paid profession fees under section 194J so that is as far my profession is and I assume I need to file ITR 4 and not ITR 4S.
2. Do I qualify to deduct rent, fuel, electricity, telephone, mobile, club, repair to generator, repair to vehicle etc?
3. You are good and you ought to be proud of it.
Regards
Thanks Once again,
1. I am being paid profession fees under section 194J so that is as far my profession is and I assume I need to file ITR 4 and not ITR 4S.
2. Do I qualify to deduct rent, fuel, electricity, telephone, mobile, club, repair to generator, repair to vehicle etc?
3. You are good and you ought to be proud of it.
Regards
05 July 2014
yes, you have to file ITR-4. TDS u/s 194J deduct on professional fees.
you can deduct your expenses from professional fees received.
you can deduct your expenses from professional fees received.
05 July 2014
Deepti,
Thank You so much
I do take a unilateral liberty to get back to you in times of need. can I Yes or No?
Take Care
God Bless You & your Family.
Colonel Malik
Thank You so much
I do take a unilateral liberty to get back to you in times of need. can I Yes or No?
Take Care
God Bless You & your Family.
Colonel Malik
05 July 2014
Deepti,
Sorry to come back as a bad penny!
Income from 194A and 194J to be clubbed and entered in schedule S or BP in ITR 4.
Thanks
Colonel Malik
Sorry to come back as a bad penny!
Income from 194A and 194J to be clubbed and entered in schedule S or BP in ITR 4.
Thanks
Colonel Malik
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Sale of property furniture sale
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
