Income Tax Deduction for Expenses

Hello BAS, 

That's a good question. I don't think a tax deduction would be applicable in this circumstance. A company organized to conduct these studies could record them as an expense, but it wouldn't result in a tax deduction for the individual study participant. 

Yeah in such a case income tax deduction would be applicable. I also would be planning my finances and going to invest in the options that help me save some taxes. Thinking to get expert personal financial planning service for my investment portfolio. 

It's easy to make a mistake in these calculations!