Professional Expenses
This query is : Resolved
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28 January 2022
Hi Everyone,
How much expenses in % terms of gross receipts can be claimed on income earned in the form of brokerage by an insurance(non-life) / mutual fund advisor(free lancer) for FY 21-22 ? If possible, please refer relevant section of the Act as supporting.
Thanks
Rajesh Jain
How much expenses in % terms of gross receipts can be claimed on income earned in the form of brokerage by an insurance(non-life) / mutual fund advisor(free lancer) for FY 21-22 ? If possible, please refer relevant section of the Act as supporting.
Thanks
Rajesh Jain
CA R SEETHARAMAN
(Expert)
28 January 2022
50% can be claimed as expenses.
Office rent and traveling expenses.
Office rent and traveling expenses.
CA R SEETHARAMAN
(Expert)
15 February 2022
44ADA it's only for reference of 50% income.
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