I am in the business of setting up gyms and supplying gym equipment. My profession requires me to meet with clients and understand their fitness needs. Since i do not have a car i travel by cab to reach clients. My queries are:
(a) How do i keep record or proof of taxi travel since i work for 24 days per month. Daily taxi fare amounts to 200/-. So can i implement this formula: 24 x 12 x 200/- = 57600/- and claim it as a deduction under Local Conveyance a/c?
(b) Similarly I spend about 120/- per day on snacks and lunch. So can i apply the above mentioned formula and claim 34560/- as deduction under Office Expenses a/c?
(c) In my profession, I have to pay commission to fitness coaches for giving vital tips / leads on new clients. The commission amt is always paid by cheque which ranges from 5000/- to 100000/-. I do not deduct TDS on comm payments. Is it ok to do so.
