sec 44ADA
mehul patel (article) (213 Points)
22 June 2017
Deduction u/s 80c to 80u are available from 50% presumptive income of gross receipts.
3 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178001 Points)
Replied 22 June 2017
Yes, separately deductible......
mehul patel
(article)
(213 Points)
Replied 22 June 2017
Rebate u/s 87A 5000 also available and depreciation , salary- interest paid to partner
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178001 Points)
Replied 22 June 2017
Rebate u/s 87A available...............but not depreciation, salary, interest, etc ......as that is deemed to have been claimed under 50% (as if standard deduction)
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