Hello....
I am filling 44AD for AY 2017-18.
Can I claim deduction u/s 80C and Housing loan interest and principle amount in separate.
please guide in this matter.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 10 September 2017
Yes......... the deductions under chapter VIA (like 80C, 80D, 80TTA etc) can be availed seperately from the assessed income under section 44AD.
Divyesh
(Account and Tax Consultant)
(43 Points)
Replied 10 September 2017
CAN I CLAIM HOUSING LOAN DEDUCTION??
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 10 September 2017
Yes, interest part u/s.24b under head income from HP........ while principal repayment u/s. 80C, upto eligible limits...
Akash Gupta
(Accounting)
(69 Points)
Replied 26 November 2017
There is no column in the ITR for entering Sec 24b deductionsm, when filing under Section 44 ADA / 44 AD.
Sir, how can we address that ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 28 November 2017
Net taxable income under head HP (after deduction u/s. 24b) in ITR 4......
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