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Income Tax Query

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Gagan Kaushik

92 Points Posted on 03 April 2021

Hello Sir,
Sir agar koi person rent pay karta hai toh ITR-4 me kaha show kiya jayega i mean kaha per dikhaya jayega.

Replies (9)

Quick Summary

This discussion clarifies how rent paid is treated when filing ITR-4, particularly for those using presumptive income schemes like Section 44AD or 44ADA. While rent paid is generally considered a business expense, it cannot be separately declared under these presumptive schemes. The focus is on a flat rate of turnover/receipts for profit calculation, not itemised expenses.

CA. Sourav Sarkar

Chartered Accountant

16188 Points Posted on 03 April 2021

Rent paid is indirect expenses

sabyasachi mukherjee

Profession

19974 Points Posted on 03 April 2021

Payment of rent and itr has no connection..

CMA Poornima Madhava

CMA

9106 Points Posted on 03 April 2021

If you are going to file ITR4, then you probably may be availing benefits of presumption income u/s 44AD or 44ADA, in which case a flat rate on turnover/receipts, as applicable, will be considered as profit. Rent (business/profession related) expenses cannot be separately declared in this case.

Yatin Mehta

22 Points Posted on 03 April 2021

Pan no. BODPS5920D. salary information chaiye

sabyasachi mukherjee

Profession

19974 Points Posted on 03 April 2021

No the querist has not mentioned anything about rent, expenses and whatever I should say.
Nature of assesse.
Disclosure of rent paid is part and parcel of business expenses.
It's an allowable business expense.
So it doesn't mean one has to file itr 4 for filing return of income.