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sec 44ADA
Deduction u/s 80c to 80u are available from 50% presumptive income of gross receipts.
Replies (3)
Yes, separately deductible......
Rebate u/s 87A 5000 also available and depreciation , salary- interest paid to partner
Rebate u/s 87A available...............but not depreciation, salary, interest, etc ......as that is deemed to have been claimed under 50% (as if standard deduction)
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