My income is based on Fees for Professional Or Technical Services. Can i show my expenditure against my income ? Thanks.....
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Can i show my expenditure ?
Replies (2)
Yes you can deduct the expenditure against the income(fee). The net profit/net income is taxable.
Yes Vijay u can deduct the exp agst ur professional and technical services income as this is ur business income and expense can be deducted from the business income and the net income after adjusting exp wll be taxable
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