Deduction from professional income
This query is : Resolved
CA J.Alamelu lakshmi
(Querist)
14 September 2009
Whether expenditure incurred by a professional on higher education & training
allowable from professional income?
allowable from professional income?
Late CA Sampat Jain
(Expert)
14 September 2009
expenditure incurrred to enhance knowledge for the purpose of profession is allowable
14 September 2009
Yes, if it is directly related to his profession.
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