Tax deducations for bills

ITR 455 views 5 replies

Require to know how to claim Tax deductions for Telephone Bills in Individual ITR? And also the section to fill for claiming this Tax Deduction?

Replies (5)

You can claim deduction for telephones bills only out of 

1.) Business income - Only if that telephone is used for the purpose of that business.

2.) Income of other Source - Only if telephone is used in earning that income.

 

No deduction, Telephone or any other, shall be allowed from salary income.

What section in ITR form to use for claiming the deduction?

Kindly let us know your source of income...

Require to claim deduction for Telephone bill and which section to use? Require not to tell the source, just tell me the section to use for claiming deduction for this..

If by "Individual ITR", you mean to say a proprietorship firm then telephone expenses can be claimed u/s-37(1) under the head "Profits & Gains from Business or Profession"   OR   it can be claimed u/s-57(iii) under the head "Income from Other Sources", PROVIDED all the conditions specified under the said sections is satisfied.

If by "Individual ITR", you mean a salaried person having "Income from other Soures", it can be claimed u/s-57(iii) under the head "Income from Other Sources", PROVIDED all the conditions specified under the said section is satisfied. 

But there is no provision under the Income Tax Act, 1961 to claim deduction on account of telephone expenses in case of an "individual" not having income u/h "PGBP" or "Other Sources"..

Hope ur doubt is cleared now...


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