banner_ad

Development tax deduction

Tax queries 324 views 7 replies

SIR, FORM 16 HAS A DEDUCTION AFTER GROSS SALARY i.e.(development tax less=2200)

(i) is it under section 10 deduction or should be less from GROSS SALARY?

(ii) if under section 10 deduction, should i choose "ANY OTHER" AND mention in Descripttion ( If Any Other selected)?

please guide me. 

 

Replies (7)

It is deductible u/s. 16(iii) of the act, from salary income.

THANKS SIR,yes

SIR, PRIVATE LIMITED COMPANY CREDITED PF IN S/A ...

1. IS IT INCOME OF ASSESSEE ?

2. CAN COMBINED WITH SALARY INCOME?

PLEASE GUIDE

1. Yes, but deductible u/s. 80C.

2. Yes, get form 16 and follow it.

sir,  pf amount ie. only 32000/-

can include with salary in section 17(1) ?

then deduct u/s 80c, he has limited salary, there is no form 16

 

Yes, can be done.

r/sir,   can we take boutique work under 44ADA, business code 16007-Fashion designing, >=50% PROFIT?

PLZ GUIDE...


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details