Hi, I live in the same house as my parents. The electric bill and telephone bill comes in the name of my parents jointly. However since I have a registed sole proprietorship business(without any separate meter) how can I show these expenses? Should the total bill amounts be divided equally?
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How to show electricity bills, telephone bills as expenses?
Replies (3)
Why do all these jargon when section 44AD/44ADA is ready to help out.
IF IT IS USE FOR BUSINESS PURPOSE U CAN CLAIM 50%
if you can prove that it is paid by you, then it can.be shown as expenses... but on a proportionate basis..
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