My son is a pg doctor in neuclear medicin he recently joined a dignostic centre and getting amounts as frofessional fee in monthly basis by hospitals . he is using his own car purchased in his own name , whether depreciations of car may be deducted form reciepts in return. please advise us about other deductions could be allowed like house rent , etc. with regards d.p.rai advocate
Professionals like you (Advocates) who are independent and are rendering Professional Services to their clients may claim depreciation for the the Assets used including Vehicles. However, if it is proved that the said person is in service with some-one and getting fixed monthly remuneration will not be entitled for depreciation. He may claim conveyance allowance up to Rs 800/= per month for his travelling expenses.
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