Deduction of remuneration u/s 40b in case of 44ad
This query is : Resolved
25 June 2015
Dear sir
How can we show in ITR 5 regarding remuneration and interest if we are filing no account case (section 44AD)
so experts told me about it that we can show it in column no. 30 of BP but it is related with sec. 35AC which is a totally different section.
Is this any other way of showing it in ITR 5?
or shall I show it in column 30?
How can we show in ITR 5 regarding remuneration and interest if we are filing no account case (section 44AD)
so experts told me about it that we can show it in column no. 30 of BP but it is related with sec. 35AC which is a totally different section.
Is this any other way of showing it in ITR 5?
or shall I show it in column 30?
25 June 2015
YOU SHOULD SHOW THE REMUNERATION AND INTEREST IN COLUMN NO 30 OF BP. THAT IS AN INDEPENDENT COLUMN AND HAS NO RELATION WITH SECTION 35AC
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26 June 2015
30 Deduction under section 35AC
a Amount, if any, debited to profit and loss account 30a
b Amount allowable as deduction 30b
c Excess amount allowable as deduction (30b – 30a) 30c 0
Sir this is column no. 30 in which heading is that 'Deduction under section 35AC'
and column no. 31 is about any other amount allowable as deduction
so please clarify either it is column 30 or 31?
a Amount, if any, debited to profit and loss account 30a
b Amount allowable as deduction 30b
c Excess amount allowable as deduction (30b – 30a) 30c 0
Sir this is column no. 30 in which heading is that 'Deduction under section 35AC'
and column no. 31 is about any other amount allowable as deduction
so please clarify either it is column 30 or 31?
26 June 2015
Thanx for your reply sir
It was creating a lots of confusion
It was creating a lots of confusion
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