Tax deduction for expense
This query is : Resolved
25 February 2013
hi as individual layers what all expenses are allowed to claim for tax reduction?
are expenses like stationary , printing cost ,xerox cost allowed to be excluded from tax?
if yes what proofs do I need ? also if I have one helper boy and giving him sal will that be deducted from my income?
are expenses like stationary , printing cost ,xerox cost allowed to be excluded from tax?
if yes what proofs do I need ? also if I have one helper boy and giving him sal will that be deducted from my income?
25 February 2013
Yes...all expenses to earn professional income are eligible for deduction.
YOu need bills for all the expenses. For helper you can get receipt of payment.
YOu need bills for all the expenses. For helper you can get receipt of payment.
CA Prashant Gupta
(Expert)
25 February 2013
you can claim, all expense for profession.
you need bills for that.
you need bills for that.
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