Is 35 (1) (ii) deduction eligible for individuals who are not carrying on business or profession.(Eg. Person having only Salary or Pension Income)
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Section 35(1) (ii)
Replies (2)
In my opinion, Section 29 to Sec.36 are for business expenditure, these deductions are available for those who are having "Income from Business / Profession", hence it is necessary to have such income.
Assessee having Salary income from Partnership firm. This comes under income from business and profession.
So can i claim the deduction u/s 35(1)(ii) for the individual assessee with salary income from partnership firm?
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