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Top Deductions

Discover the top deductions and expenses you can claim for business income under the Income Tax Act. Learn how JS Financial Services helps you optimize tax savings, ensure compliance, and build financial efficiency through smart planning and expert guidance.

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Top Deductions

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  1. TOP DEDUCTIONS & EXPENSES YOU CAN CLAIM FOR BUSINESS INCOME Presented by: JS Financial Services OUR EXPERTISE, YOUR SUCCESS

  2. 01 OVERVIEW • Tax planning is as important as tax filing. • Correct use of deductions reduces taxable income. • Updated till September 2025. • JS Financial Services ensures compliance + maximum savings.

  3. 02 • Rent & maintenance • Depreciation on assets • Employee costs & benefits • Business loans & interest • Legal, professional & admin costs CORE ALLOWABLE EXPENSES (SECTIONS 30–37, INCOME TAX ACT)

  4. KEY DEDUCTIONS • Depreciation (Sec 32) – Computers, furniture, machinery. • Employee Costs (Sec 36) – Salaries, PF, ESI, gratuity. • Business Loans – Interest deduction. • Insurance Premiums – Assets, stock coverage. • Bad Debts – Written off if earlier recognized. 03

  5. 04 • Rent, repairs & maintenance. • Legal & professional fees. • Travel & conveyance (domestic & overseas). • Marketing & advertisement. • Office administration: utilities, internet, stationery. • Statutory taxes (except income tax & penalties). MORE DEDUCTIONS

  6. SPECIAL PROVISIONS • Startups (Sec 80-IAC) – 100% deduction for 3 out of 10 years. • Sector incentives – Infra, hospitals, hotels, cold storage. • CSR Spending – Not deductible. • Disallowed – Penalties, personal expenses, capital outlays. 05

  7. 06 DOCUMENTATION IS KEY D • Maintain invoices & receipts. • Salary registers & PF/ESI proofs. • Loan agreements & certificates. • Proper audit reports. • Digital evidence for GST/ITC matching.

  8. UPDATES 2025 • Higher TDS exemption thresholds. • Stricter PF/ESI compliance. • Enhanced standard deduction (₹75,000). • Real-time digital compliance with GST & ITR. 07

  9. 08 • Deductions = legal tax savings. • Structure expenses wisely. • Maintain strong records. • Consult experts for sustainable planning. CONCLUSION

  10. CONNECT WITH US Contact: +91 73400 02251 Website: www.jsfinancials.in Email: info@jsfinancials.in 09 JS FINANCIAL SERVICES – TRUSTED PARTNER FOR BUSINESS TAXATION. Our Expertise, Your Success

  11. THANK YOU

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