Deductions 80qqb

This query is : Resolved

CA ANKIT GADA (Querist)
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19 December 2012 Is there any condition for claiming 80QQB that assessee should file ITR 4? Because 3 times 143(1) has not given deduction though assessee claimed in ITR....Please guide me

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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19 December 2012 80QQB is available against professional income and for professional income ITR 4 is applicable.
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To avail a deduction as a professional, the department can expect proper selection of ITR while filing the return of income. So, your idea of filing ITR 4 will definitely work.
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