Expenses allowable
This query is : Resolved
16 July 2014
Sir,
My Accounting writing Income is Rs.265000/-
plus Interest Income is Rs.75000/-
Against the above income How much % of Expenses shall i Claim for below taxable income & what types of expenses i can show.
Thanks in advance
Vikas
My Accounting writing Income is Rs.265000/-
plus Interest Income is Rs.75000/-
Against the above income How much % of Expenses shall i Claim for below taxable income & what types of expenses i can show.
Thanks in advance
Vikas
17 July 2014
you are treated as a professional, you are required to maintain the actual accounts and claim the actual expenses.
17 July 2014
there is no % based deduction for exp rather u need to claim actual exp as incurred to earn this 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
- Transfer of MF
- Two pancard
- Query Regarding Income Tax Rate on Gain from Transfer of Partnership Stake (LLP Partner)
- Regarding E-invoice Generation
- Can we claim ITC in 28%
- Wrongly goods delivered to other state
- How to correct Form 26QB
- E bike purchase can get input in GST
- Ferrous scrap purchased for Rs 50000 cash payment is allocable
- Eligibility for filling NEW Form 121 from April 2026
- ITR U - HOW TO REPORT PROPERTY SALE LOSS
- REFUND OF GST TDS
- Lifting and cross charges
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
