Expenses deductible for professional faculty

hi 

what are the expenses allowed to professional faculty who receive remunration as professional fees.

 

Thanks in advance

Ritesh

 

Replies (1)

Hi Dear,

 

Since the person is a professional and is engaged as a professional faculty. the income will be charged under business or profession and all the deductions from section 30 to 37 shall be allowable.

 

regards

 

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