Benefits or Perquisites received in respect of business or profession (Section 194R)


This query is : Resolved 

Quick Summary
This discussion addresses how to declare benefits received under Section 194R in an ITR-4. The advice suggests showing the income under 'Income from Other Sources' (IFOS) or, if it relates to your business, declaring it as business income under the Profit and Gains from Business or Profession (PGBP) head. Ensure you check the TDS column for correct reporting.

31 July 2023 I have income from Business of Electrical Appliances, Sale & Service etc. I have filed ITR-4 since many years. Last year I have received benefits from Bajaj Electricals Ltd. for Rs. 7500/- (Section 194R). This benefits of Rs. 7500/- where to show in ITR-4 ? / How to show this benefit in ITR-4?
Give Your Expert opinion earliest as possible,
With Regards
Thanking You,

RAJA P M (Expert)
31 July 2023 Show the income in IFOS.

02 August 2023 Check the TDS column, if the income is u/h PGBP, you can even declare it under your business income.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details