Income Tax Query
Gagan Kaushik (96 Points)
03 April 2021Sir agar koi person rent pay karta hai toh ITR-4 me kaha show kiya jayega i mean kaha per dikhaya jayega.
Gagan Kaushik (96 Points)
03 April 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 03 April 2021
sabyasachi mukherjee
(27579 Points)
Replied 03 April 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 03 April 2021
If you are going to file ITR4, then you probably may be availing benefits of presumption income u/s 44AD or 44ADA, in which case a flat rate on turnover/receipts, as applicable, will be considered as profit. Rent (business/profession related) expenses cannot be separately declared in this case.
sabyasachi mukherjee
(27579 Points)
Replied 03 April 2021
Kapadia Pravin
(17259 Points)
Replied 03 April 2021
sabyasachi mukherjee
(27579 Points)
Replied 03 April 2021