How to determine tax liability
This query is : Resolved
Dhruv Agarwal
(Querist)
15 January 2014
I write articles for tech sites and get paid for the same. I have no specific expenditure against the income. How can I adjust my personal expenses like fooding travelling shopping etc.
AVTAR SINGH
(Expert)
15 January 2014
The personal expenses cant be deducted from income. The expenditure incurred wholly and exclusively for purpose of the business/profession can be deducted.
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