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It return for work at home
my relative works from home..he writes daily market analysis report to stock exchange..can he claim full house rent in business income or is 80gg allowed..tell me other expenses he can claim in return??
Replies (5)
If the income is declared under PGBP he can claim part of the rent paid as business expenditure along with other expenses.
Otherwise simply declare income u/s. 44 ADA, and get relief from books of accounts.
44ada is only for legal, medical, technical,engineer,accountant,architect right..i think he willnot come under 44ADA
i think we can catagerize tge person under technical because he writes daily market analysis.....correct me if i am wrong @ Dhirajlal Rambhia Sir
techincal consultancy is not relevant to this profession ..i think so
Any such profession when declared under presumptive assessment with 50% profit margin, are accepted without any query or applicable section!!
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