Standered deduction

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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7 Replies

JATINDER KUMAR (Accountant) (3662 Points)
Replied 26 October 2020

Yes, you can take Standard Deduction of Rs. 50000

1 Like

NITIN DALSANIA (84 Points)
Replied 26 October 2020

Thanks

2 Like

sabyasachi mukherjee (27803 Points)
Replied 27 October 2020

NITIN

YOU MUST FILE ITR 1 .
NOT ITR 4.
INDIVIDUAL SALARY INCOME AND STANDARD DEDUCTION.

JATINDER KUMAR (Accountant) (3662 Points)
Replied 27 October 2020

You can file ITR 4

No restrictions to claim Standard Deduction

1 Like

aman goyal (25 Points)
Replied 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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NITIN DALSANIA (84 Points)
Replied 28 October 2020

Thanks

sabyasachi mukherjee (27803 Points)
Replied 29 October 2020

Itr 4 is for presumptive scheme...
SO NO ITR 4

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