Query related to Expense Claim by contract employee

wat type of expenses

Hi Dr. Jones

Yes deduction of expenses will be allowed as rules of computation of income are indifferent to the date of filing of return.

100% Sure.......:)

yes surely he can claim the expenditure only which are relevant to his business or profession like petrol etc

Hi, you need to check if he is under a

contract of service or contract for service

Only in the latter case, expenses can be claimed.

Other wise you can only compute the income as per Salary provisions.

ITR-4 is not a conclusive indicator of the status of his employment

ITR-4 may be for some other business he is having... pls check that too.

AGREED WITH LUCIFER.

FURTHER, RETURN FILE AFTER DUE DATE WILL NOT PRECLUDE AN ASSESSEE FROM CLAIMING EXPENSES INCURRED TOWARDS EARNING THOSE INCOME.

ONLY IN THE CASE, IF THE LOSS IS INCURRED, U CANNOT CARRY FORWARD THOSE LOSS IN THE NEXT YEAR IF RETURN IS FILED AFTER DUE DATE.

REGARDS,

MANOJ