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How to avoid heavy tax burden
Hello all,
i have query regarding taxation. is we show more expenses...will cause for less tax burden.. my employer withdraw 1-2 lacks per month from office a.c now they told me to show expenses against them.. is it useful????
Replies (4)
If it is deductible u/s 37. It will be useful.
It can be claimed as business Promotion expense, Travelling & Conveyance, Telephone expenses etc. However, I would need proper bill for that. If ur employer provides it, u must book it as expense deductible u/s 37
It can be claimed as business Promotion expense, Travelling & Conveyance, Telephone expenses etc. However, I would need proper bill for that. If ur employer provides it, u must book it as expense deductible u/s 37
u would need bills*
Thank you for your advice.. i asked them for bill.. and i have another query.. we are in import business& we bribe 40k amount to local people (in form of Varai) how can i show this in tally.. some time i posted in general expenses.. is there any approprite way to deal with this????
what descripttion do u put for general expenses?
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