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Deduction from professional income

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(Querist)
14 September 2009 Whether expenditure incurred by a professional on higher education & training
allowable from professional income?
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Late CA Sampat Jain

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Late CA Sampat Jain (Expert)
14 September 2009 expenditure incurrred to enhance knowledge for the purpose of profession is allowable
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
14 September 2009 Yes, if it is directly related to his profession.




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