Accountancy, asked by sumanpusola909, 1 year ago

what deduction are allowed to a businessman in computing profit?

Answers

Answered by Geekydude121
0

Deduction which are allowed to a businessman in computing profit are as follows:-

  • Deduction of amount to be paid on any repairs and on any machinery and plant
  • Deduction of rent paid on premises where the various business is carried on
  • There are various situations when the profit is shared with a bank the amount of interest which is paid is further deducted.
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