TAX
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 October 2010
Can I claim deduction for my personal and household expenditure in calculating my income or profit?
12 October 2010
No.
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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