Business expenditure for consultant

No..u cant claim whole cost as expenditure in a 1 accounting year. It is a capital expenditure, u can claim Deprciation on it @ 15%.

Regard

agredd to answer

Thanks.

Hi, I work as a Consultant for an Italian company not registered in India.

I receive a monthly Consultancy fee of 900 Euro ( 54000 INR) and my contract is for 12 months.

What kind of tax structure do I fall under?

My compensation gets wired to my savings account.

I really need some help on this.

Agree with Deepesh sir.