Is assessee can claim 80C (contribution towards PPF) in section 44AD (ITR4-S)?
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Deductions under chapter via in 44ad (itr4-s)?
Replies (2)
Sec 44AD is for computing PGBP on a presumptive basis. An eligible assessee(i.e., any resident individual, HUF or firm, but not a LLP) who has not claimed any deduction u/s 10A, 10AA, 10B, 10BA or 80HH to 80RRB & carries on any eligible business is eligible to pay tax on a presumptive basis.
So there is no restriction on claiming deduction u/s 80C
Thanks Mr. Yash,
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