Suppose following info is reflected from Trading/ Profit & Loss Accont of a business concern doing business in books publishing and books trading-
Printing Expense: 2,00,000
Designing & Lamination: 1,50,000
Paper: 1,75,000
Binding: 50,000
Books Purchases: 1,50,000
Where to show the above in ITR-4?
Should they include Direct Expenses Like- Printing, Designing, Binding, Paper, etc to Books Purchase for calculating the value of purchase to show in ITR-4?
From-
Sajid Eqbal
no you need not to do so
you have to show printing & designing expeneses in direct expenditure
and books purchased sepratly ( according to use of those books )
Ironically, we don't find any place to include the direct expenses like- printing, designing, binding expenses in ITR-4. That's why I have option to include the direct expenses to Purchases in order to compute taxable income in ITR-4. Please suggest any option for showing the direct expeses separately in ITR-4.
CAclubindia
