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Is professional fees receipt a business income

This query is : Resolved 

15 August 2014 I had provided software related help to us friends and in retutn I got 80000 as fees , will I on the basis of this receipt can claim depreciation in my income tax return since I am a salaried person and depreciation on my activa and laptop gets lapsed and also the internet billing and telephone expenses

15 August 2014 Dear Soniya,

Yes you can claim the expenses, will be better to keep books of accounts and proofs (bills) of expenditure incurred.

16 August 2014 you have to taxable as profession income pls keep the record of income.


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