https://www.taxtmi.com/forum/issue?id=1670 Self employed proprietors may claim additional personal deductions such as medical insurance premium deduction, donation deduction, and a rent related deduction for those in rented accommodation; they may also claim business allowances including depreciation on assets and ordinary business expenses, subject to proper documentation and accounting methods. Compliance with tax deduction at source obligations is necessary to avoid disallowance of expenses. Compute taxable income using the relevant fiscal year period rather than a shorter transaction window. en-us Fri, 25 Dec 2009 16:57:29 +0530 Thu, 23 Jan 2025 15:58:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1670 Self employed proprietors may claim additional personal deductions such as medical insurance premium deduction, donation deduction, and a rent related deduction for those in rented accommodation; they may also claim business allowances including depreciation on assets and ordinary business expenses, subject to proper documentation and accounting methods. Compliance with tax deduction at source obligations is necessary to avoid disallowance of expenses. Compute taxable income using the relevant fiscal year period rather than a shorter transaction window. Discussion-Forum Income Tax Fri, 25 Dec 2009 16:57:29 +0530 https://www.taxtmi.com/forum/issue?id=1670