B
Badari
P
Pooja Bahal
C
Chetan Ahire
To get tax benefit on interest paid to buy commercial property, do one need to be a businessman with registered business or can a salaried employee also get tax benefit on the same?
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Yes, a salaried employee can also get the benefit of deduction available on the loan of commercial property.
For a more detailed discussion, you can connect with us at ca.pujasharma@outlook.com
S
Santhosh Kumar
Does the definition of gross receipt in 44ADA include salary or is it just the gross amount from the service provided?
No, 44ADA - Presumptive scheme for Professionals does not include salary. The gross receipts under this section will only include the consideration received from the customers for the services provided to them.
T&C applyS
Santhosh Kumar
Does the definition of gross receipt in 44ADA include salary or is it just the gross amount from the service provided?
