Need expert opinion , have Huge income in the head of Other income - Interest income on loan given - suggest me how to reduce tax liability . EXCEPT SECTION 80C,80D I.E ( CHAP VI - A DEDUCTION ) .
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Reduced tax liability
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then better to show under business head income and claim expenses to reduce the profit
show as business income u/s 44ad and show 8 % profit
So in that case i have to change my ITR also and have to introduce business of money lenders .??
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