Question

items of incomes not pertaining to any department are​

Answer 1

Answer:

The provisions of Income-tax Law facilitate taxpayers to deduct certain expenditures for the purpose of performing the calculation of taxable income. However, certain expenses incurred under the head “Profits and Gains of Business or Profession (PGBP)” do not qualify for any deductions and are classified as expenses disallowed under Income Tax. This requirement prompts taxpayers to remit the taxes on such expenditures by adding it back to the net profits. In this article, we briefly discuss the various expenses disallowed under the Income Tax Act.

Answer 2

Answer:

These incomes are known as exempted incomes.

Explanation:

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