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UNDER SECTION 44ADA, 50% OF THE TOTAL GROSS RECIPT IS DEEMED AS TAXABLE INCOME AND NO FURTHER DEDUTIONS ARE ALLOWED U/C VI-A
NETSHELL :: NO DEDUCTION U/S 80GG IS ALLOWED.
beg to disagree. Only section 30 to 38 deductions are not allowed.
@ naveen i am not sure under which clause chapter VI-A deductions are disallowed for 44ADA cases
agreed !!
and i little bit confuse with this
yes deduction 30 to 38 is deemed to be alloowed and no further deduction is allowed in those sections.
it means that you wont get any further deduction for any business expense.
However, any other deduction such as covered under chapter VIA are allowed.
all the chapter VI-A deductions are allowed.
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