If a person work in one financial year in two different company whether he can avail standard deduction of Rs 40000/- two time in a single return?
Menu
Itr 1 standard deduction
Replies (4)
no you can't avail two times deduction
NO you can't
The deduction is a aggregate limit of ₹ 40000
standard deduction as the name indicates fixed at 40000 irrespective of number of employers
Recent Topic
- Ca pratik takkar imp list
- TDS EXECESS AMOUNT ADJUSTMENT
- What's the ONE thing about GSTR-2B / IMS reconcili
- Is GST Registration Mandatory for Freelancers in I
- ITR TO FILE
- Shift of Place of Business from one state to anoth
- Form 10E u/s. 89(1). Need clarification because Ex
- Long Term Capital Loss - Tata Capital unlisted sha
- Section 54F deduction - GST and Stamp Duty cost wh
- Professional Crossed 20 Laks in Dec 26 Failed to T
Related Topics
CAclubindia
