04 July 2014
hi I want to know the basic calculation. I am a small businessman. I want to fill ITR. How can I calculate my income.
so
I want to know that the house daily need expenses should be less or not from my income
05 July 2014
No the Domestic Expenditure incurred will not deduct from the Gross total Income. Assessee has to take profit of the business (i.e.after deducting the business expenditure only) and any other sources of income for the previous year.
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