Question

Which of the following expenses debited to Profit and Loss a/c but disallowed while computing income from Business?

(A) General Expenses

(B) Personal Expenses

(C) Expenses of Income which is taxable under the other heads of income

(D) Charities and donations

Choose the correct answer from the options given below:
a.(A), (B), (C) only
b.(B), (C), (D) only
c.(C), (D) only
d.(A), (B), (C), (D) only

Answer 1

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Answer 2

Answer:

(A) The ‘General Expenses' is the correct answer.