Please clarifiy whether assesse doing business in sole properitorship form is eligible to take benefit of tax saving Fixed deposit under section 80C.
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Deduction under section 80c query
Replies (4)
You have to file return in your individual status in ITR 4.
Show income from Business ( one of the heads of income )
You can claim deduction under sec 80C
The Assessee is eligible to take the benefit u/s 80C.
Is it neccessary that FD should be in name of sole proprietor firm or it can be in the name of the owner of the sole proprietoehip firm?????
in the name of owner
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