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80gg and other expenses


Praveen CP (--)     23 July 2013

Praveen CP
-- 
 18 likes  274 points

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Hi All, 

I am an individual assessee,  and work as a consultant (not employed) for a corporate firm. They pay me on monthly basis and deduct TDS u/s 194J showing it as professional fees. So i shall be declaring my income as Income from Profession and not salary. I have the below mentioned queries.

1. Can i claim deduction u.s 80GG for rent paid ? I do not have a formal rental agreement. Also the act doesnot mandate an agreement. I fulfill other conditions u.s 80GG.

2. Can I claim allowance for Petrol/Bus charges (i have bills)  that i incur to commute to the Office u/s 37 ? also can i claim allowance for the food expenses @ office Canteen (shown as deduction fom my pay by the company) ?

Please help me resolve these queries

Thanks 

avater

CA. Kuldeep Singhi (Entrepreneur)     23 July 2013

CA. Kuldeep Singhi
Entrepreneur 
 42 likes  424 points

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Yes you can claim deduction u/s 80gg & claim expenses u/s 37 as conveyance & fooding expenses. No problem in it.

Praveen CP (--)     23 July 2013

Praveen CP
-- 
 18 likes  274 points

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Thank you so much kuldeep

avater

Pawan Sharma (ACCOUNT MANAGER)     23 July 2013

Pawan Sharma
ACCOUNT MANAGER 
 3 likes  100 points

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you r eligible for deduction u/s 80gg & claim expenses u/s 37

 

Praveen CP (--)     23 July 2013

Praveen CP
-- 
 18 likes  274 points

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Thanks so much pawan

avater

Chinnu Raj (CA Final Student B.Com)     23 July 2013

Chinnu Raj
CA Final Student B.Com 
 114 likes  1067 points

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                                Yes agreed with both the friends


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