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Can a consulting charge be deducted from income from stock?
Replies (2)
Yes, if it was paid for the generation of the particular income.
What type of consulting are you giving ? It is necessary to sale of goods or independent. If necessary for sale and you collected through sale of goods. Than should not deduct from stock. If you give independently then no need to add in stock then deduct from stock . you should directly credit to SPL
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