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Standered deduction

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84 Points Joined September 2020
i have buisness income plus salary income and regulerlly filed ITR 4.
can i claim standered deduction on salary income in ITR 4,
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On 26 October 2020 at 17:02 Report
Replies (7)
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Accountant
3662 Points Joined May 2018
Yes, you can take Standard Deduction of Rs. 50000
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On 26 October 2020 at 17:13
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84 Points Joined September 2020
Thanks
2 Reply
On 26 October 2020 at 17:15
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Profession Business
28196 Points Joined May 2017
NITIN


YOU MUST FILE ITR 1 .
NOT ITR 4.
INDIVIDUAL SALARY INCOME AND STANDARD DEDUCTION.
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On 27 October 2020 at 08:20
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Accountant
3662 Points Joined May 2018
You can file ITR 4

No restrictions to claim Standard Deduction
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On 27 October 2020 at 08:49
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25 Points Joined November 2018
ITR1 is not for person having business income. So, you should have to file ITR4 and in that case you can claim standard deduction also
1 Reply
On 28 October 2020 at 06:50
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84 Points Joined September 2020
Thanks
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On 28 October 2020 at 11:21
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Profession Business
28196 Points Joined May 2017
Itr 4 is for presumptive scheme...
SO NO ITR 4
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On 29 October 2020 at 08:05

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