Need your advice please

Querist : Anonymous (Querist) 23 November 2011 This query is : Resolved
Dear Experts,

Please advice.

Regards

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Guest (Expert) 23 November 2011
As an individual, you cannot claim. However, if you get your business registerwed as a business entity and start keeping vouchers for expenses and maintain proper accounts, you would be able to account for the expenses as business expenses of your enterprise. For complete details and assistance you would need the help of an independent Tax practitioner or a CA.

R K JAIN (Expert) 23 November 2011
As per section 37 of the Income Tax Act, the expenses wholly and exclusively for the purpose of business or profession will be allowed for coomputing the income. If you do some thing after wearing the shoes then the claim can be allowed if you only wear shoes to visit the client or place of businees then this cliam will not be allowed. Expenses related to child will also not be admissible.

Sankaranarayanan (Expert) 23 November 2011
what are the real expenses you spent related to your consultancy work are acceptable as per income tax.
You can keep some money in tax saving bonds and insurance will help from the tax liability .

M.Sheik Mohammed Ali (Expert) 23 November 2011
yes, i do agree expert query reply

Querist : Anonymous (Querist) 23 November 2011
Shoes were not worn for visiting client. They were worn to go into really far flung villages of Pamir range to interview people on a particular project of the client. going there had involved quite a bit of trekking as no vehicle can climb up those mountains and if one does not wear sturdy shoes, one can always slip and may lose limb, if not life.

prabhakar singh (Expert) 24 November 2011
You may please re read the answer provided by Expert RAVINDER KUMAR JAIN.He has explained you so well that do not need any such clarification.His answer shows he has grasped your this part of your query too.

Raj Kumar Makkad (Expert) 24 November 2011
I also do agree with Jain.

Devajyoti Barman (Expert) 24 November 2011
It is so common that the authors often finds fault with the experts when the replies does not suit their preferences.

Querist : Anonymous (Querist) 25 November 2011
I have in fact rated Mr. Jain's reply as an excellent one. In fact I am grateful that Mr. Jain spent his valuable time on my query.

This is a factual query and there is nothing that would suit or not suit my requirement Sir.

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