Ritesh khurana (CA student) (175 Points)
24 January 2012hi
what are the expenses allowed to professional faculty who receive remunration as professional fees.
Thanks in advance
Ritesh
jigar
(Finance Analyst)
(50 Points)
Replied 24 January 2012
Hi Dear,
Since the person is a professional and is engaged as a professional faculty. the income will be charged under business or profession and all the deductions from section 30 to 37 shall be allowable.
regards
CAclubindia
