Can I file Income Tax Return under Section 44AD, and also claim exemption of Long Term Capital Gain u/s 10(38) for my Investment in Equity Mutual Fund?
Also can I claim deduction of Rs 1,50,000 on my investment in ELSS schemes u/s 80G?
Menu
Presumptive income tax return u/s 44AD & Long Term Capital Gain u/s 10(38)
Replies (1)
if business profit 8% of sales
and business turnover not more than 2 cr u can file income tax return as per 44ad
Recent Topics :
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
Related Topics :
CAclubindia
