Section 24 not available for presumptive taxation undr 44ada

I am filling out my return as per presumptive taxation under Section 44ADA.

As per the theory, "A person who adopts the presumptive taxation scheme is deemed to have claimed all deduction of expenses"

Section 24 pertains to deduction for Interest for Home Loan, which is not "business expense". However, I can't find any place in the Utility to fill out value for deductions under Section 24.

Kindly advise.

Replies (3)

Section 44ADA and section 24(b) are both independent of each other.

There is no restriction to avail house loan interest deductions to professionals adopting presumptive assessment. Get help of TRP to solve the issue, at least first time.

Originally posted by : Dhirajlal Rambhia
Section 44ADA and section 24(b) are both independent of each other.

There is no restriction to avail house loan interest deductions to professionals adopting presumptive assessment. Get help of TRP to solve the issue, at least first time.

 

Thank you sir. However, there is no column in ITR-4 where I can enter the value corresponding to Section 24, or Interest on Home Loans.

How can I claim if the ITR form itself down not have this option ?

Many Thanks

Yes you are correct there is no option.

So you don't have any other option to declare it.

You should declare it after deduction (only taxable vaule after deduction).

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