Easy Office
LCI Learning

expenses on income tax

This query is : Resolved 
Profile Image

Profile Image

(Querist)
28 February 2011 I am receiving comission of rs. 500,000/- on shoes sales. and paying salary of Rs. 120000/- to my one emplyee.

can i claim the expenses when i file the ITR?
Profile Image

CA PRIKSHIT GUPTA

Profile Image

CA PRIKSHIT GUPTA (Expert)
28 February 2011 Yes, you can claim expenses as your business expense. You have to prepare Income & Expenditure Account and have to file ITR-4 for your commission income.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links