Expenses of educational consultancy

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satheesh kumar (Querist)
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07 January 2016 Dear All,

Please let me know the general and specific expenditure of a educational (counseling) Consultancy ?.

Thanking you for your prompt and valuable response.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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07 January 2016 There is no such list of fixed items of expenditure which can further be classified into general or specific. Income Tax department checks genuine ness of the expenditure. So, go on the basis of expenditure which can be established as genuine. Irrespective of its nomenclature, consider every such expenditure item which is revenue in nature and incurred wholly and exclusively for the purpose of rendering the services.