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
Replies (1)
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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