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Personal expenses treatment under IT

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(Querist)
27 September 2017 Can I route personal exp such as school fees, household expenses to capital account instead of profit and loss a/c But if I do that will I still have to disallowed the same in computation of income
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 September 2017 Route those expenses through capital ac being person in nature. No disallowed the same in computation of income.
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RK AND ASSOCIATES

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RK AND ASSOCIATES (Querist)
27 September 2017 if I disallowed expenses the tax would be more if i not its like I'm not offering personal expense to tax
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 September 2017 You have to dis allow the such expenses only when it is charged to P&L.
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RK AND ASSOCIATES

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RK AND ASSOCIATES (Querist)
27 September 2017 OK, thank you sir
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