professional income
This query is : Resolved
24 September 2017
Rashmi madam
I am 63 yrs old still I am working in a private co and they are paying consolidated salary of RS 48000 permonthvand deducting 10% TDs deducting .further,I am paying monthly to cabs RS 10000 you down to office and monthly 4000 spending on Herbalife health products
my qtn is whether I can claim the above expenditure against income and also suggest any expenditure can ckail
Message likes :
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24 September 2017
Rashmi didi, pls excuse me on answering this query
Sir, Since your income is salary income you cannot claim deduction for transportation expenses and medical expenses.
Sir, Since your income is salary income you cannot claim deduction for transportation expenses and medical expenses.
24 September 2017
If you can convince your employer to give you Transportation allowance, then it is exempt up to Rs.1600 per month
24 September 2017
I won't accept it .it is not salary since they are deducting 10% TDs on my my monthly income. My salary to be treated as income from profession not salary
pl once again to look into it and give reply
24 September 2017
It may be so. But you have stated in your query that you get a salary from pvt ltd co. It is only natural that people like us assume you and your company are in employer employee relationship. First be clear yourself sir before trying to accept what others say.
24 September 2017
Assuming that you are in a professional relationship with the company, then you can claim transportation expenses against income earned
24 September 2017
Again, you cannot claim anything against your spending on health products
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