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.
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