PETROL EXPENSES

KAMAL PODDAR (Querist) 22 July 2009 This query is : Resolved
I HAVE TO FILE ITR IV FOR PROFESSIONAL INCOME. i AM USING MY CAR FOR PROFESSIONAL PURPOSES. CAN I CLAIM PETROL EXPENSES IN P & L ACCOUNT. SECONDLY THERE IS NO COLUMN IN ITR IV FOR PETROL EXPENSES IN SCHEDULE OF P & L A/C PLEASE TELL WHICH HEAD TO PUT PETROL EXPENSES

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A V Vishal (Expert) 22 July 2009
Dear Poddar,

You can claim petrol expenses in the P & L account of the profession. The department has failed to provide separate column to show the amount expended towards vehicle maintainance, alternately you can reflect the amount of petrol bills under the head Local conveyance or machinary maintainance or under Other expenses.