deductions from income of contract
This query is : Resolved
22 July 2009
A taxi owner entered in to a contract with travel agency to run taxi on fixed hire basis.the owner himself is driver. the contracter deducted tds on the payment of contracted amount.now my question is, can the taxi owner claim deprciation & petrol expenses,maintenance charges. if he is not maintained the petrol bills?
22 July 2009
He can claim the Depreciation, but other expenses as above said should be supported with bills
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