Is there any chance to claim deductions on expenses such as internet charges, mobile charges, books, software etc...
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Income is chargeable to tax after deducting the expenditure incurred to make such income, except in case of winning from card games, etc., where no expenditure incurred is allowed to be deducted.
But no specific deduction from Gross Total Income is available for above items.
No deduction is available for internet charges, mobile charges, etc. ... In fact Gross Total Income is computed after charging for such expenses in Profit & Loss account...
| Originally posted by : RAJESH CHOUDHARY | ||
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Is there any chance to claim deductions on expenses such as internet charges, mobile charges, books, software etc... |
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claim dedcution from what?
if the above are used for business purpose, then surely these expenses are allowed,
if personal purpose, then its not allowed.
Yes..in case the assessee is using these services in connection with business or profession u cn claim as expense u/s37 of Income tax act 1961
thanks friend's for the reply.....
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