Where do i show Professional income in Efiling ? Can we avail standard duduction ?
Anil Doshi (GM) (161 Points)
14 May 2019Where do i show Professional income in Efiling ? Can we avail standard duduction ?
CA Mayur Todmal
(Practicing CA)
(7756 Points)
Replied 14 May 2019
UNDER head income from profession or business you can not avail standard deduction of 40000 from business income, available for salary income
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 14 May 2019
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 14 May 2019
Anil Doshi
(GM)
(161 Points)
Replied 14 May 2019
Income U/s 194 J , where do i show in Income Tax Return.
Saurav Bhattacharya
(258 Points)
Replied 14 May 2019
NIKHIL GUPTA
(ARTICLE ASSISTANT)
(44 Points)
Replied 15 May 2019
Amit Kumar Bansal
(Job/Blogger)
(688 Points)
Replied 16 June 2019
You must fill ITR 4 under section 44ADA for professional income, Standard Deduction is only allowed for a salaried employee.