Allowable expenses

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ROSHNI

ROSHNI (Querist)

14 July 2011 what are the expenses that are allowed as a deduction for a professional singer?

Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Expert)

14 July 2011 All expenses that the singer incurs for his profession, like, if he has any communication office for the same, the expenses for such office, his travelling expenses, telephone and mobile expenses, salaries to his administrative staff, maintenance of car, chauffeur, etc.

ROSHNI

ROSHNI (Querist)

14 July 2011 thank u Amolji
whether the expenses incurred by him in purchase of books musical instruments are also deductible?

Amol Gopal Kabra (CA,CS,DISA)

Amol Gopal Kabra (CA,CS,DISA) (Expert)

16 July 2011 Musical instruments are his assets. So, he needs to capitalise it and claim depreciation on them. the expenditure on books is allowable as deduction.

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