Itr 4
This query is : Resolved
18 September 2012
Dear Sir,
Interest on car loan is Rs. 41465/-.
Whether I should put in cell no. 41 of part PL of itr4 or I should put it in cell no.36 of other expences of part PL of itr 4.
Please advise me.
It's urgent.
Interest on car loan is Rs. 41465/-.
Whether I should put in cell no. 41 of part PL of itr4 or I should put it in cell no.36 of other expences of part PL of itr 4.
Please advise me.
It's urgent.
18 September 2012
At cell no.41 of interest cell. In case it is disallowed as personal expenses then it would be adjusted in Schedule BP.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
18 September 2012
If it is personal nature of expenditure then only you have to place it at schedule BP again to adjust your business Income according to IT act.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
18 September 2012
Said car is used in business, So I should mention the interest only in cell no. 41 at Part PL or not.
18 September 2012
If it is used for business purpose then fill at 41 of P&L only.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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