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Standered deduction

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84 Points Posted on 26 October 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 Posted on 26 October 2020
Yes, you can take Standard Deduction of Rs. 50000
9 Reply
On 26 October 2020 at 17:13
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84 Points Posted on 26 October 2020
Thanks
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On 26 October 2020 at 17:15
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Profession Business
28207 Points Posted on 27 October 2020
NITIN


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

No restrictions to claim Standard Deduction
9 Reply
On 27 October 2020 at 08:49
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25 Points Posted on 28 October 2020
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
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On 28 October 2020 at 06:50
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84 Points Posted on 28 October 2020
Thanks
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On 28 October 2020 at 11:21
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Profession Business
28207 Points Posted on 29 October 2020
Itr 4 is for presumptive scheme...
SO NO ITR 4
44 Reply
On 29 October 2020 at 08:05


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