U/S 10 DEDUCTION

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Account Assistant
37 Points Posted on 17 November 2021

I have received consultant fees and also received rent , both income shown in 26AS.

can I get any deduction in u/s 10

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On 17 November 2021 at 12:26 Report
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This discussion clarifies potential deductions under Section 10 of the Income Tax Act for consultant fees and rent income. While there isn't a direct U/S 10 deduction for these, advice is given to explore Section 44ADA for consultant fees and Section 24(b) for rent income, which offer standard deductions.

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SEO Sai Gr. Hosp.
212572 Points Posted on 17 November 2021

1. For consultation fees check deduction available u/s. 44ADA, if applicable.

2. For rent standard deduction u/s. 24(b) of IT act...

3. No specific deduction u/s. 10 of IT act...

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On 17 November 2021 at 13:00
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Chartered Accountant
24588 Points Posted on 17 November 2021
Agree with above comment
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On 17 November 2021 at 16:52

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