Which one of the following items is not allowed as deduction while computing income from business and profession ?

Question

Which one of the following items is not allowed as deduction while computing income from business and profession ?

TuteeHUB · Accepted Answer

Loss due to embezzlement by an employee

TuteeHUB · Answer

Fees paid to the lawyer for drafting partnership deed

TuteeHUB · Answer

Legal expenses paid to protect the building of the business

TuteeHUB · Answer

Cost of installing a new telephone

1.	Which one of the following items is not allowed as deduction while computing income from business and profession ?
A.	Fees paid to the lawyer for drafting partnership deed
B.	Loss due to embezzlement by an employee
C.	Legal expenses paid to protect the building of the business
D.	Cost of installing a new telephone
Answer» B. Loss due to embezzlement by an employee

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