Question

State, giving brief reasons, whether the following items are allowable while computing
profits and gain of business or profession:
(1) Donation to political party
Fees paid to the layer for drafting a new Partnership Deed.
(iii) Interest paid to wife on money borrowed from her.
(iv) Salary paid to Son, who is working in the office. The salary is reasonable.​

Answer 1

Answer:

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Explanation:

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