One Person Company Tax Saving Expenses

Question
  • I have an OPC registered.
  • I want to understand what all expenses would be considered to reduce the taxable income
  • Also want to understand the depreciation part for all those qualifying expenses.
solved 1
Anonymous 5 years 1 Answer 1188 views -1

Answer ( 1 )

  1. TaxIQ
    1
    Reply

    You can claim all the expenditure you incurred for the business except as below:-

    1. Capital Expenditure: You can claim only depreciation on Capital expenditure
    2. Personal Expenditure

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