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.
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Itr3 2017_18 expense
Replies (1)
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
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