Deductions to artist
This query is : Resolved
16 March 2015
Is there any section under which deductions are allowed to Artist in respect expenses incurred by him.
Generally Artist incurred expenses on costume etc. whether these expenses are allowed under income tax.
Is there any section in this regards.
Is there any limit on expenses.
17 March 2015
The expenditure on costume are incurred by producer..If any artist has only business of supplying costumes...then the expense on costumes are allowed. There is no limit on expenses and allowed as per it act if the artist is engaged in business of same..
17 March 2015
all hisbusiness realted exp shall be allowed to be deducted for earning business income.
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
- CLOSING STOCK QUERY
- ITR-Capital Gain
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Loss of interest in PF transfer from EPFO to Trust
- Taxation on Old jewellery sold
- Rent claimed on building given on permissive possession basis
- Traces submitting correction statement error
- Residential status of non resident
- Short Term Gain Reporting ITR
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- 44AD, 44ADA business details
- PF wage ceiling
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
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
