Can a unregistered (Income below 20L) self employed professional claim tax deduction on his business expenses?
If No, What is the minimum registration a person should hold for such a deduction?
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Self employed tax deductions...
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" Can a unregistered (Income below 20L) self employed professional claim tax deduction on his business expenses?"
Under GST? or IT?
Income tax deduction and depreciation on equipment etc.
Below 20 lakhs limit GST registration is not mandatory, and as such any expenditure or even depreciation as per IT act are deductible from your professional income.
Under section 44ADA of IT act, you can directly get 50% deduction, and taxed only on remaining 50%.
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