Income received from brokrage or commission
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 October 2011
Dear Friends,
Kindly let me know can we claim the expenses e.g. conveyance, business promotion, telephone expenses etc from the income received from brokerage or Commission.
Thanks & Regards,
Abdul Shakoor
Kindly let me know can we claim the expenses e.g. conveyance, business promotion, telephone expenses etc from the income received from brokerage or Commission.
Thanks & Regards,
Abdul Shakoor
CA RICHA BADALIA
(Expert)
11 October 2011
If these expenses are incurred for earning the income then it can be allowed.
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