POSTED BY January 25, 2013 11:00 am COMMENTS (6)ON
Hi friends, this is Raj from Hyderabad and I am new to the forum. I hope to interact with all of you through this forum which I have found quite useful.
My question is on the expenses that I can write off from my consultancy income – currently my plans are Rent (partly as I use my home as office too), Petrol, Telephone, Internet, Laptop cost (bought this FY for business), business entertainment etc. I will have bills for all of these – are there any other documentation needed? Can I write some other expenses off logically?
I do not want to engage a CA now as the expenses and receipts are fairly simple to track.
Looking forward to suggestions from the forum.