Hello Sir,
Sir agar koi person rent pay karta hai toh ITR-4 me kaha show kiya jayega i mean kaha per dikhaya jayega.
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Income Tax Query
Replies (9)
Rent paid is indirect expenses
Payment of rent and itr has no connection..
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.
Pan no. BODPS5920D. salary information chaiye
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.
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.
For calculation sake, consider rent payment as expense. under 44AD it is 6/8 % or actual whichever is more
Vague answer
Sec 44AD HAS SOME LIMITATIONS.
Sec 44AD HAS SOME LIMITATIONS.
Thank you so much to all of you
Your welcome
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