Comment on Taxation Simplified

Vivek,

Considering the entire rent of the house as your business expense, especially if you are living in the same place is not really playing by the books. You could firstly put part of this rent, which you consider is what you are using up for your business of trading as a business expense.

Yes even though the rental agreement is not in your name, you could show this as an expense when you are paying it.

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