44ad it act

prasad (government employee) (225 Points)

19 February 2018

whether an individual offers income @ 8 percent 44ad eligible for 80 c deduction

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6 Replies

raja sekar (1435 Points)
Replied 19 February 2018

yes. 8% of your net income

prasad (government employee) (225 Points)
Replied 19 February 2018

sir
tax payable after taking benefit of deduction become nil. lot of benefit is passed on to the assessee

prasad (government employee) (225 Points)
Replied 19 February 2018

please clarify 8 percent before or after 80c deduction

raja sekar (1435 Points)
Replied 19 February 2018

after 80c deduction

raja sekar (1435 Points)
Replied 19 February 2018

you can show nil tax

prasad (government employee) (225 Points)
Replied 19 February 2018

thank you sir

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