Praveen CP (--) 23 July 2013
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
CA. Kuldeep Singhi (Entrepreneur) 23 July 2013
Yes you can claim deduction u/s 80gg & claim expenses u/s 37 as conveyance & fooding expenses. No problem in it.
Pawan Sharma (ACCOUNT MANAGER) 23 July 2013
you r eligible for deduction u/s 80gg & claim expenses u/s 37
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