It’s QUIZ TIME for future CAs! Which of the following is not allowed as a business expense under the head "Profits and Gains from Business or Profession" as per the Income Tax Act, 1961? A. Depreciation on Business Assets B. Interest on Business Loans C. Personal Household Expenses D. Salary Paid to Employees Think you know the answer? Drop it in the comments! At SriMed... https://srimedha.com/