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Expenses allowable

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(Querist)
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
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
17 July 2014 you are treated as a professional, you are required to maintain the actual accounts and claim the actual expenses.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
17 July 2014 there is no % based deduction for exp rather u need to claim actual exp as incurred to earn this income.
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