Dear All,
I am showing Presumptive income(Sec 44AD) of about 147,000(more than 8% gross receipts) and salary income(no tds deducted) approx. 100,000 A.Y. 2012-13.
Can we claim deductions 80C deductions against Salary income??
Plz reply.
CA Garima (CA) (99 Points)
18 July 2012Dear All,
I am showing Presumptive income(Sec 44AD) of about 147,000(more than 8% gross receipts) and salary income(no tds deducted) approx. 100,000 A.Y. 2012-13.
Can we claim deductions 80C deductions against Salary income??
Plz reply.
CA MOHAMMED IRFAN
(Chartered Accountant)
(136 Points)
Replied 18 July 2012
Yes, you can claim deductions from your Gross Total Income because even Deductions u/s 80C to 80GGC are allowed from imcome computed u/s 44AD.
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