deduction of expense of income from other sources
This query is : Resolved
24 July 2009
if someone incurred expense to generate income from lottery & puzzles .Can he claim deductions for the expenses that he bear
eg. Rs.150000 is income earn from puzzles but expenses are Rs. 100000 .What will be the taxable income in this case
eg. Rs.150000 is income earn from puzzles but expenses are Rs. 100000 .What will be the taxable income in this case
24 July 2009
no expense can be claimed from income of lottery & puzzles.
24 July 2009
Yes no expenses can be claimed from income from lottery & puzzles.
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