What types of expenses allowed against fees for professional

Tax queries 572 views 2 replies

An Individual assessee has Income from “Fees for professional or technical services” from a Company. What types of Expenses he can claim to minimise his tax liability ?

Replies (2)

invest in shares ,debentures, mutual funds or any other investments or purchasing of fixed assets or transfering the amount to reserve funds etc

If  u r resident assessee claim all regular business expenses. 

If u r non-resident then follow section 115A(1)(b ) / 44DA.

Thanks

Kaushal

https://taxbykk.blogspot.com/


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