https://www.taxtmi.com/article/detailed?id=14294 Small business taxpayers should claim ordinary revenue deductions under Sections 30-36 by categorising expenses and maintaining documentary proof. Core deductible categories include rent and utilities, employee compensation and statutory contributions, depreciation on business assets at prescribed rates, repairs and insurance treated as revenue expenses, travel and accommodation for business purposes with logs and receipts, advertising and professional fees with vendor invoices, business loan interest and bank charges, and office supplies/software. Apportion personal use, observe statutory caps (including provisions like Section 80D), deduct required TDS, and retain receipts to avoid disallowance. en-us Fri, 02 May 2025 08:55:58 +0530 Fri, 02 May 2025 08:55:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14294 Small business taxpayers should claim ordinary revenue deductions under Sections 30-36 by categorising expenses and maintaining documentary proof. Core deductible categories include rent and utilities, employee compensation and statutory contributions, depreciation on business assets at prescribed rates, repairs and insurance treated as revenue expenses, travel and accommodation for business purposes with logs and receipts, advertising and professional fees with vendor invoices, business loan interest and bank charges, and office supplies/software. Apportion personal use, observe statutory caps (including provisions like Section 80D), deduct required TDS, and retain receipts to avoid disallowance. Articles Service Tax Fri, 02 May 2025 08:55:58 +0530 https://www.taxtmi.com/article/detailed?id=14294