Certification course on Balance Sheet Finalisation

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Expense deductable against professional fees

This query is : Resolved 

25 September 2022 A practising doctor has a revenue of 1.3Cr during XXXX year. What are the various types of expenses that can be written off to declare a profit of 58%of revenue. Kindly guide. He has 1.5l as depreciation.

25 September 2022 All the expenses actually paid for the practice are deductible, including car loan interest etc. But any expense more than Rs. 10,000/-paid by cash will be disallowed. Note that tax audit report would be required to be filed on or before filling the ITR...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link

Similar Resolved Queries


Unanswered Queries

Follow us Zoho Course 2023

Answer Query