Deduction related

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94 Points Joined September 2017
A sole properitor file his return under sec 44AD can he is claim for deduction under chapter VI.
kindly suggest me.
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On 28 April 2018 at 22:01 Report
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Accounts
41 Points Joined April 2009
Yes he can claim deduction u/s chapter VI as he file his return as individual showing business income
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On 28 April 2018 at 22:21
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Chartered Accountant
86505 Points Joined April 2011
Yes he can....
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On 28 April 2018 at 22:30
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561 Points Joined July 2017
Yes he can claim deduction under chapter VI
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On 28 April 2018 at 22:36
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
Yes... He can claim that deductions...
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On 28 April 2018 at 22:51
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43 Points Joined April 2018
yes he can claim
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On 28 April 2018 at 22:52
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Student
101 Points Joined February 2018
person declaring income under presumptive taxation 44AD is eligible for deductions u/c VI.payment of advance tax is also not applicable.Return form ITR-4S
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On 28 April 2018 at 23:16
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94 Points Joined September 2017
Ansari if my tax liability is 》 10k and return filed under sec 44AD then advance tax liability will be arise or not??
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On 28 April 2018 at 23:51
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
Required advance tax if your tax liability exceeding 10k.
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On 29 April 2018 at 06:10
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Accounts
41 Points Joined April 2009
If u file your return u/s 44AD and tax is above Rs 10k then advance tax liability is payable in last quarter i.e March
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On 29 April 2018 at 09:37
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Chartered Accountant
86505 Points Joined April 2011
If your total tax liability is more than Rs.10000/- then you have to pay advance tax upto 15 March.....
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On 29 April 2018 at 10:31
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Student
101 Points Joined February 2018
only one time payment of whole amount of advance tax i.e on or before 15th march of the P.Y
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On 29 April 2018 at 10:55
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Chartered Accountant
12739 Points Joined December 2016

YES, ALLOWED !!

HOWEVER DEDUCTION FROM 30 TO 38 IS NOT ALLOWED AND DEEMED TO BE ALLOWED TO ASSESSEE 

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On 30 April 2018 at 18:08
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338 Points Joined March 2017

Yes he can claim the deductions under Chapter Vi-A.

Also he has to pay advance tax since his tax liability is above 10k

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On 11 May 2018 at 17:26


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