expenses on income tax
This query is : Resolved
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?
can i claim the expenses when i file the ITR?
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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