What are deductions available to lawyers under Indian Income Tax Law ?
ashok sharma (Chief law Officer) 25 May 2009
What are deductions available to lawyers under Indian Income Tax Law ?
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
© 2024 LAWyersclubindia.com. Let us grow stronger by mutual exchange of knowledge.
