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expenses on income tax

This query is : Resolved 
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(Querist)
28 February 2011 I am receiving comission of rs. 500,000/- on shoes sales. and paying salary of Rs. 120000/- to my one emplyee.

can i claim the expenses when i file the ITR?
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CA PRIKSHIT GUPTA

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CA PRIKSHIT GUPTA (Expert)
28 February 2011 Yes, you can claim expenses as your business expense. You have to prepare Income & Expenditure Account and have to file ITR-4 for your commission income.
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