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Tax payable by professionals

Querist : Anonymous (Querist) 21 September 2010 This query is : Resolved 
What are the deductions a professional eg. Advocate, can claim for the purpose of tax calculation? Under which section?
adv. rajeev ( rajoo ) (Expert) 21 September 2010
office expenses, and other deductions which are available already to all the assesses
B.Chakrapani Warrier (Expert) 21 September 2010
1) Salary of staff.
2) Payment to assistant lawyers.
3) Office rent.
4) Telephone expenses.
5) Electricity charges.
6) water charges.
7) Cost of law books.
8) Court/case expenses
9) Depreciation on office assets,like computer etc
10)Depreciation on vehicle subject to disallowance of a portion for personal use
11) travelling expenses,
12) Association membership fees.
soumitra basu (Expert) 22 October 2010
The guide lines in action plan is that a professional should disclose profit more than 30% to avoid scrutiny.


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