Dear cci members, if someone is rendering specified professional consultancy services from home, then vouchers related to conveyance, telephone, rent, internet, etc, which ae partly for personal & partly for official purpose should be prepared on estimated basis?? Does it really necessary to mainain vouchers besides entries in Tally for such expenses or other estimated petty expenses??
If exact figures cannot be determined than an estimate can be made to arrive at the expenses that can be claimed as deduction against the business income. But the estimates should be believable and based on some practical assumptions.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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