Allowable expenses
This query is : Resolved
14 July 2011
what are the expenses that are allowed as a deduction for a professional singer?
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.
14 July 2011
thank u Amolji
whether the expenses incurred by him in purchase of books musical instruments are also deductible?
whether the expenses incurred by him in purchase of books musical instruments are also deductible?
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Exiting partner in partnership firm in gst portal
- NRI INSURANCE ADVISOR
- Average Cost Of High Quality Diamonds
- TAX AUDIT QUESTION
- Difff in ais receipts and gst turnover
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Due Date Clarity
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
