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40 a (3) provision who file itr 4s

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28 April 2017 40A3 WILL APLY OR NOT WHO FILE ITR 4S U/S 44AD ?

28 April 2017 40A(3) will have no relevance for a person who files return u/s 44AD since all the expenses are deemed to have been allowed to him as long as he is declaring 8% net profit. So practically he is not allowed to claim the expenses separately and he is anyway not preparing books of account.



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