Poonawalla fincorp
Poonawalla fincorp

TAX

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 October 2010 Can I claim deduction for my personal and household expenditure in calculating my income or profit?
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
12 October 2010 No.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
12 October 2010 Expenses incurred in relation to the business will only get deduction while computing income from business meaning thereby that house hold and personal expenses are not allowed to arrive taxable income.
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