Hi,
While filing ITR3, can i claim a standard of 20% expenses and deduct the same to come at the final profit which shall go into the ITR final calculations or can I claim more under certain circumstances.
Please throw some light and clarify.
shankar mazumder (stock trader) (49 Points)
08 October 2017Hi,
While filing ITR3, can i claim a standard of 20% expenses and deduct the same to come at the final profit which shall go into the ITR final calculations or can I claim more under certain circumstances.
Please throw some light and clarify.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193990 Points)
Replied 08 October 2017
No standard deductions on any income under PGBP........
All actual/genuine expenditures to earn the profit under the head PGBP are allowed for deduction as per section 30 to 44 of I T Act, 1961