Deduction under 80 c for tution fee

Page no : 2

Vishal Joshi (28 Points)
Replied 17 November 2017

Thnks nachiket but i am still confused about wht sunil said tht i am not eligible for 80c deduction for lic ...

(Guest)

your shop rent you can show as a business expense, you need not have to show it under 80C..it is your business expense. LIC premium not only of yours, but also of your spouse and child you can claim it as your deduction u/s 80C.

Sunil Ahmad (Student) (1511 Points)
Replied 17 November 2017

since ur under presumptive tax payment basis 44AD u can't claim deduction under sec.80C

Vishal Joshi (28 Points)
Replied 17 November 2017

I am yet confused about 80 c deduction with 44ad and can i add my spouse and chid premium also ...

Sunil Ahmad (Student) (1511 Points)
Replied 17 November 2017

u raised me doubt wait I will refer

rama krishnan (12234 Points)
Replied 18 November 2017

80C deduction can be claimed in the case of individual or huf irrespective of 44AD OR 44ADA OR 44AE

RAJA P M ("Do the Right Thing...!!!") (127513 Points)
Replied 18 November 2017

Dear All.,
80C Deductions allowed in presumptive taxation scheme in income tax for Individual and HUF... No more restriction if under 44ad / 44ada / 44ae...

1 Like