Deductions under chapter via in 44ad (itr4-s)?

Tax queries 647 views 2 replies

Is assessee can claim 80C (contribution towards PPF) in section 44AD (ITR4-S)?

Replies (2)
Sec 44AD is for computing PGBP on a presumptive basis. An eligible assessee(i.e., any resident individual, HUF or firm, but not a LLP) who has not claimed any deduction u/s 10A, 10AA, 10B, 10BA or 80HH to 80RRB & carries on any eligible business is eligible to pay tax on a presumptive basis. So there is no restriction on claiming deduction u/s 80C

Thanks Mr. Yash,


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