Can a deposit amount be conidered under standard deduction
Querist : Anonymous
I invested Rs. 80,000 on my brother's business [under his name] as "Deposit Money" for acquiring an agency [refundable at the end of agreement] .
Can I show it under Investmenst while filing my ITR.
If possible please recommend a section / sub section under IT Act for the same
Querist : Anonymous
1. I am a salaried person. So should I show it as deductions [Loan Given] under section VI A. If not, please suggest the appropriate section in Form 16. [if possible with relevant Section / sub sections].
2. If I cannot show it under section VI A. Then Can i also, separately, declare an amount of Rs. 1 lacks as investments and get a deduction whie filing ITR.
Querist : Anonymous
Querist : Anonymous
Can my brother show it as Income Tax deduction while filing the ITR.
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