Doubt regarding trading expenses and income tax deduction

Income Tax Income from Business or Profession
1

Let’s say I am a trader from a small town of Karnataka. I shift to Bengaluru with my family and I rent a 3 BHK flat whose rent is around Rs 45,000 per month. Its my home as well as trading office.

Now my question is:-

Can I claim Rs 45,000*12 = Rs 5,40,000 as my business expenses and reduce my taxable income ?

2

4 posts were merged into an existing topic: Claming of expenses