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Tax Deduction
A person has Salary income and commission income. Person decided to use 44 ADA for commission income and also used all deduction under chapter 6. Can he obtain any other deduction to reduce the tax liab?
Replies (5)
Person having commission income can not opt presumption taxation i.e 44AD, 44ADA ect.
You have which type of commission income ?
You have which type of commission income ?
Sorry for using word commission, its actually a professional receipt
What other deduction mean by you
If he has maintained accounts he can move away from 44 ada and get them audited to claim the actual expenses of his business
Audit is not liable for all
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