If an Assessee is receiving 10 lacs as DSA income (income from commission), TDS is deducted u/s 194H,
Assessee's Clients had paid Stamp duty of Rs 4 Lacs for Home loan & and Assessee agrees to reimburse the said Stamp Duty to its client
So, Assessee is reimbursing the Client (who has taken home loan) the stamp duty expense of Rs 4 lacs.
1. Can the Assessee claim salaries, rent and other business running expense?
2. Can the Assessee claim this Rs 4 lacs as business expense?
3. Which ITR should be used to file return?
4. Can return be filled using Presumptive Income from business (44AD)?
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