QUIZ TIME for all aspiring Chartered Accountants!
Which of the following is not allowed as a deductible expense under the head "Profits and Gains from Business or Profession" as per the Income Tax Act, 1961?
A. Depreciation on Business Assets
B. Interest on Business Loans
C. Personal Household Expenses
D. Salary Paid to Employees
Think smart and share your answer in the co... https://share.google/slrKVcyZ03oTMi5lV