How to calculate and show cost of home office for professional/consultancy income

Tax queries 113 views 1 replies
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Software Consultant
111 Points Joined August 2012

Hi

I am having major income from stock trading and consultancy, but primarily operating form home office (home is in my name)

Please guide how do I show costing of home office (funiture, electricity, maintenance, notional rent etc... as applicable) in my professional income being shown as lump sum

thanks in advance

 

 

 

 

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On 31 July 2024 at 10:14 Report
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SEO Sai Gr. Hosp.
198814 Points Joined July 2016

All the inventories furnitures etc as per cost/ bills.

Revenue expenditures can be shares in 50:50 ratio or percentage of area of office used out of total area.

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On 31 July 2024 at 13:20


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