Hi, I am working as a freelancer in India. I have not registered myself anywhere for it. I have paid money to other ppl like designers SEO etc for getting my work done For submitting the Income tax, can I show that money as expenditure? I have a savings account and I have done the transactions from that account. Some amount I have paid in cash also. Can I show that as expenditure too? Some consultant told me that you need to have a current account in order to show salaries as expenditure. Is it true? If so, what all things I can show as expenditure. Please guide me, I am totally confused
Why don't you consult your local TAX lawyer because he'll give you a good advice in this regard. As far as I think you need current account but like i said before you need a lawyer to help you out with your questions.