What are the different tax deductions and the limits?
What are the different tax deductions and the limits?
Avinash Jeevan Dsouza (Accounts Officer & In charge) (3298 Points)
25 August 2018
5 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(194761 Points)
Replied 25 August 2018
SHIRISH S S
(Proprietor)
(1065 Points)
Replied 25 August 2018
Rambhia sir there is no place for Profession tax [ rs 2500 per annum] in deduction ??
SHIRISH S S
(Proprietor)
(1065 Points)
Replied 25 August 2018
That is for Salaried people. profession tax paid by CA. Lawyers, Doctors , Engineers etc.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(194761 Points)
Replied 25 August 2018
That is not deduction, but allowed as expenditure in P&L acc.
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