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How to calculate and show cost of home office for professional/consultancy income

Tax queries 287 views 1 replies

Hi

I am having major income from stock trading and consultancy, but primarily operating form home office (home is in my name)

Please guide how do I show costing of home office (funiture, electricity, maintenance, notional rent etc... as applicable) in my professional income being shown as lump sum

thanks in advance

 

 

 

 

Replies (1)

All the inventories furnitures etc as per cost/ bills.

Revenue expenditures can be shares in 50:50 ratio or percentage of area of office used out of total area.


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