Presumptive tax u/s 44ad
This query is : Resolved
15 June 2017
The person offering U/S 44AD is eligible to claim deduction of expenses like remuneration, interest on capital , profit from firm from A.Y 2017-18
15 June 2017
The person offering U/S 44AD is not eligible to claim deduction of expenses like remuneration, interest on capital , from profit of firm from A.Y 2017-18
15 June 2017
No, not permitted to claim such expenses. These expenses shall be deemed to have been claimed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Sales of goods of amount Rs77 lakhs to a party
- ITR WITH 0 TURNOVER
- Query related to CA/CS/CMA Firm
- Automatic MIS from Tally ERP
- NRI get transferred fund from his own Indian account to his foreign US account without any approval
- Schedule Dpm under 44ada no account casr
- How to pay tds on mhada property
- TDS short payment of Rs 120 — how to adjust in new TRACES
- ITR-3 - How to show loss in 65(i) - (iii) under under Part A - P & L section and sub section 65?
- Value of Perquisite Tax Borne by Employer
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
