We know that

PGBP INCOME=

Incomes

Less

Expenses

 

Hence we can say that

Expenses are deducted while calculating PGBP Income

 

However All Expense Not allowed to be deducted

Such Expenses Which are Alowed to be deducted are Called Deductions under PGBP Income

 If expense is not allowed to be deducted,it is called Expense Disallowed

 

Lets study these in detail one by one

  1. Income Tax
  2. PGBP Income
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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides GST Training in Delhi. Register now.