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Itr 4

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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

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




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 )

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

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.

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

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






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