If you have foreign travel expenses beyond Rs 2 lakh, or electricity bills exceeding Rs 1 lakh, these details will now have to be furnished in ITR-4

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If you have foreign travel expenses beyond Rs 2 lakh, or electricity bills exceeding Rs 1 lakh, these details will now have to be furnished in ITR-4

https://www.thenewsminute.com/article/income-ta...

7 Comments  |  
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Entertainer
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Tour ka thoda taklif he. Lekin ye 1 lakh walo ka to alag se tax slab/cess hona chahiye. Itna kon jalata he bhai? 😠😠😠

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Entertainer
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Maar diya papad wale ne… nah, nahi kamal wale ne… evil toungueout

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Deal Lieutenant
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P_A_N_K_A_J wrote:

Tour ka thoda taklif he. Lekin ye 1 lakh walo ka to alag se tax slab/cess hona chahiye. Itna kon jalata he bhai? 😠😠😠

Jalatey hey bhai. 1lakh kuch nehi.

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Deal Subedar
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If I pay electricity bill in my dad’s name over 1 lakh annually will I still need to file through ITR-4 ?

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cadence wrote:

If I pay electricity bill in my dad’s name over 1 lakh annually will I still need to file through ITR-4 ?

Your father will have to file ITR-4 but If you paid using a card/wallets in your name then you will have to explain it to income tax dept unless you show the total amount of electricity bill paid by you in an year as gift income received from your father in your ITR in which case your father should have all this income declared in his ITR-4.

https://www.businesstoday.in/money/tax/got-an-e...

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Deal Subedar
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guest_999 wrote:

Your father will have to file ITR-4 but If you paid using a card/wallets in your name then you will have to explain it to income tax dept unless you show the total amount of electricity bill paid by you in an year as gift income received from your father in your ITR in which case your father should have all this income declared in his ITR-4.

https://www.businesstoday.in/money/tax/got-an-e...

If I pay 80k instead of 1L then nothing is required from my end?

KG added!

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cadence wrote:

If I pay 80k instead of 1L then nothing is required from my end?

KG added!

Correct but that is assuming your total spend on card in your name is not high else you may get into the notice of IT dept for spending this much on card while showing your income not that high.

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