I am 20 year old My Source of income is Tailoring Shop For A.Y 15-16 My Net Income is 271000 I am Paying 2000/- for Filling My Return to a Audit Firm. My Question Is Can i Claim 2000/- as my Expenses against 271000/- and escape from Tax.
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Claim of tax filling fee
Replies (3)
According to me, you can claim that expense as consulting and TRP fees exp. and it is allowable as an expense due to same nature as expense.
Thank u Sir
You can not claim Return filing fee as expense against your Business income to reduce tax liability for the reason being Return filing fee paid by you is not exclusively for business income but also for all other sources.
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