Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Income-tax and Corporate Tax Planning Income-tax
Which one of the following items is not allowed as deduction while computing income from business and profession ?
1
Fees paid to the lawyer for drafting partnership deed
2
Loss due to embezzlement by an employee
3
Legal expenses paid to protect the building of the business
4
Cost of installing a new telephone