professional income
This query is : Resolved
24 September 2017
Rashmi madam
I am 63 yrs old still I am working in a private co and they are paying consolidated salary of RS 48000 permonthvand deducting 10% TDs deducting .further,I am paying monthly to cabs RS 10000 you down to office and monthly 4000 spending on Herbalife health products
my qtn is whether I can claim the above expenditure against income and also suggest any expenditure can ckail
Message likes :
1 times
24 September 2017
Rashmi didi, pls excuse me on answering this query
Sir, Since your income is salary income you cannot claim deduction for transportation expenses and medical expenses.
Sir, Since your income is salary income you cannot claim deduction for transportation expenses and medical expenses.
24 September 2017
If you can convince your employer to give you Transportation allowance, then it is exempt up to Rs.1600 per month
24 September 2017
I won't accept it .it is not salary since they are deducting 10% TDs on my my monthly income. My salary to be treated as income from profession not salary
pl once again to look into it and give reply
24 September 2017
It may be so. But you have stated in your query that you get a salary from pvt ltd co. It is only natural that people like us assume you and your company are in employer employee relationship. First be clear yourself sir before trying to accept what others say.
24 September 2017
Assuming that you are in a professional relationship with the company, then you can claim transportation expenses against income earned
24 September 2017
Again, you cannot claim anything against your spending on health products
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
