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ashok sharma (Chief law Officer)     25 May 2009

Income tax calculator for Lawyers

What are deductions available to lawyers under Indian Income Tax Law ? 



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 8 Replies

Sankaranarayanan (Advocate)     25 May 2009

asper income tax law, the lawyers income are come under income from proffession. so wat are the eligable detection, they are permitable . no special benefit .

ashok sharma (Chief law Officer)     25 May 2009

 Thank you. What are major deductions available under head " income from profession"?

Sankaranarayanan (Advocate)     25 May 2009

if u have office set up then if u have rent agrrement then u can detect, if u have employee then his salary, office expenses like that

Dashrath (MF)     26 May 2009

Lawyers are not a saperate entity as per the definition of persons in Income Tax Act.

But they they practice as/in a firm, the tax provisions of firm will be applicable, likewise if they work as individual, then normal taxation as on other individual professional, will be applicable.

In any case, The head "Income from business or profession" will be applicable on Lawyers Income from his profession, except salaried Lawyer.

Srinivas Patnaik (Advocate Orissa High Court)     28 May 2009

Advocate are not a seperate entity as per the definition of persons in Income Tax Act.

 The head "Income from business or profession" will be applicable on Lawyers Income from his profession, except salaried Lawyer.

 


 

 

 

 

abhishek sharma (advocate)     03 June 2009

My name is abhishek i have some prob. when i m filing the return to make precentage 

abhishek sharma (advocate)     03 June 2009

170000/100

abhishek sharma (advocate)     02 September 2009

THANKYOU SIR


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