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Deduction in income tax

Archana (Taxpayer) (41 Points)

13 May 2018

I am a professional and have paid my professional tax. I want to know, whether I can get deduction of the amount paid towards professional tax while filing ITR-4? How and under what catagory?

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15 Replies

rama krishnan (12239 Points)
Replied 13 May 2018

under section 16(i) you can claim deduction for professional tax

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CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 13 May 2018

Yes under b&p income same is allowed expense.....

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rama krishnan (12239 Points)
Replied 13 May 2018

sorry Archana mam section 16(I) for salaried people.. as said by Rashmi mam, you can claim deduction for professional tax paid in your p&l itself

Archana (Taxpayer) (41 Points)
Replied 13 May 2018

but howto show it as expenses when you file under 44ADA presumptive income?

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 13 May 2018

Show your net income after deducting such tax.... if you are giving presumptive income i.e. 50% then it is assumed that same is already deducted...

No other deduction allowed...

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rama krishnan (12239 Points)
Replied 13 May 2018

I endorse Rashmi mams reply

Archana (Taxpayer) (41 Points)
Replied 13 May 2018

But what about deductions under 80C and 80 G. Are they also not allowed?

rama krishnan (12239 Points)
Replied 13 May 2018

chapter viA deductions will be claimed out of total income.. whereas all other expenses incurred exclusively for the purpose of business will be deemed to be claimed if you opt for 44AD

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