Tax Deduction

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96 Points Joined July 2016
A person has Salary income and commission income. Person decided to use 44 ADA for commission income and also used all deduction under chapter 6. Can he obtain any other deduction to reduce the tax liab?
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On 11 October 2020 at 18:35 Report
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Chief Accountant
3150 Points Joined July 2020
Person having commission income can not opt presumption taxation i.e 44AD, 44ADA ect.

You have which type of commission income ?
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On 11 October 2020 at 18:41
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96 Points Joined July 2016
Sorry for using word commission, its actually a professional receipt
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On 11 October 2020 at 18:53
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Tax consultant
5895 Points Joined September 2020
What other deduction mean by you
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On 11 October 2020 at 19:34
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204 Points Joined October 2020
If he has maintained accounts he can move away from 44 ada and get them audited to claim the actual expenses of his business
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On 11 October 2020 at 20:31
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Tax consultant
5895 Points Joined September 2020
Audit is not liable for all
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On 11 October 2020 at 20:33


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