DSA Income and Expenses allowed

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)?

Replies (1)

1. Yes, actual expenses incurred for the business.

2. No.

3.ITR 3

4. No.

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