Itr 4 presumptive taxation
rohith chary (39 Points)
25 February 2023
If one opts for presumptive taxation scheme .Is he eligible for chapter 6 deduction (80c deductions), in particular.
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 25 February 2023
Yes, If ITR 4 filed under old regime, Chapter VI deductions are allowed..
Samarth Pachchigar
(68 Points)
Replied 26 February 2023
However, if he/she has claimed deduction under sec 10A/10AA/10B/10BA or under section 80RRB or sec 80HH cannot opt presumptive scheme of taxation under section 44AD.
and the person opting for presumptive scheme cannot claim any further deduction under section 30 to 38 however is eligible to claim deduction under chapter VI A of income tax act, 1961
and the person opting for presumptive scheme cannot claim any further deduction under section 30 to 38 however is eligible to claim deduction under chapter VI A of income tax act, 1961
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