Allowable extent of expenses for a professional

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vinaykumar deshpande (Querist)
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23 September 2013 what is the maximum limit of expenses (or%)is allowed to book normally for persons having profession of technical consultancy and earning about 8 to 10 lakhs per year

Ganeshbabu K

Ganeshbabu K (Expert)
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23 September 2013 YOU CAN SHOW NILL PROFIT ALSO,,IF YOU HAVE ENOUGH PROOF TO PROVE YOUR EXPENDITURE WHICH SHOULD BE SUPPORTED BY YOUR BOOKS OF ACCOUNTS AND DOCUEMENTARY EVIDENCE FOR YOUR EXPENDITURE