Deductions to artist
This query is : Resolved
Kailas Shinare
(Querist)
16 March 2015
Is there any section under which deductions are allowed to Artist in respect expenses incurred by him.
Generally Artist incurred expenses on costume etc. whether these expenses are allowed under income tax.
Is there any section in this regards.
Is there any limit on expenses.
Abhishek Singh
(Expert)
17 March 2015
The expenditure on costume are incurred by producer..If any artist has only business of supplying costumes...then the expense on costumes are allowed. There is no limit on expenses and allowed as per it act if the artist is engaged in business of same..
17 March 2015
all hisbusiness realted exp shall be allowed to be deducted for earning business income.
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