Hra claim in itr 4

ITR 311 views 3 replies

A Contractor have Business (Bussines Profit is Rs 355000) And salary income. Salary is just 1.5 Lakh yearly . Can he claim House Rent under 80GG. Rent is Rs 8000.

 

Thanks to Mr Dhirajlal Rambhia Sir smiley for supporting 

 

Replies (3)

Yes, but maximum limit is Rs. 5000/- PM. (other conditions to be complied as per sec, 80GG)

Thanks Sir  he also business income Rs 355000 under 44AD. can i claim

Yes, chapter VI deductions (80C, 80D, 80TTA etc....) are allowed even for presumptive income assessment. 

Moreover he has salary income!!!


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