If you run a proprietorship business, you generally cannot include personal medical, medicine, or hospital bills as business expenses. These are considered personal costs and are not tax-deductible for the business. Your business income is what will be subject to tax, not your personal medical expenses.
26 December 2021
in proprietorship business can i include medical, medicine and hospital bills if paid through my card? is there limit on that? this is not taxable income right?