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Itr 4s regarding ay 2015-16

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 June 2015 Dear Sir,
One of the assessee has net profit Rs. 165000/- u/s 44ad and besides this he has rental income of 13500/- per month by letting a shop for ATM. In this regard I have following queries -
1. Whether he can use itr 4S to show his business income and rental income as well.
2. What % of deduction is allowed out of rental income as annual maintenence?

Please clarify.
Thanks and Regards.
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
26 June 2015 30% deduction is allowed as standard deduction for repairs u/s 24(b).
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Querist : Anonymous

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Querist : Anonymous (Querist)
27 June 2015 Whether itr 4S will work?




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