expenses that are not allowed to be deducted while computing income from business or profession by one man company
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Quick Summary
This discussion clarifies which business expenses cannot be deducted when calculating income from a business or profession, particularly for one-man companies. It highlights that self-consumed expenses are generally not allowed for deduction under the PGPB (Profits and Gains from Business or Profession) rules. The aim is to help sole traders understand the limitations on expense claims.