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Income received from brokrage or commission

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 October 2011 Dear Friends,

Kindly let me know can we claim the expenses e.g. conveyance, business promotion, telephone expenses etc from the income received from brokerage or Commission.

Thanks & Regards,
Abdul Shakoor
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CA RICHA BADALIA

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CA RICHA BADALIA (Expert)
11 October 2011 If these expenses are incurred for earning the income then it can be allowed.

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