I am a retired professor and now providing consultation to organizations on health projects. From this income, I do not incur much expenses but can I still deduct 30% of income as expenses? These are one-off assignments (one or two per year of nearly two months each) and I do not maintain any ledger for this purpose.
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Deduction of expenses from consultation income
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you can claim many expenses from such income but you need to do some proper planning and need to tell the things in more details for this...
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