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      Question

      Under Indian Income Tax, which expense is not allowed as

      deduction while computing income under “Profits and Gains of Business or Profession”?
      A Depreciation on business assets Correct Answer Incorrect Answer
      B Interest on capital to partners within limits Correct Answer Incorrect Answer
      C Donations to political parties Correct Answer Incorrect Answer
      D Salary to employees Correct Answer Incorrect Answer
      E Rent paid for office Correct Answer Incorrect Answer

      Solution

      Political donations are not deductible under business income; they qualify under Section 80GGC for individuals. All other options are allowable business expenses under PGBP.

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