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.
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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