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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Davneet Singh
Davneet Singh is a graduate from Indian Institute of Technology, Kanpur. He has been teaching from the past 7 years. He provides courses for Mathematics and Science from Class 6 to 12. You can learn personally from here https://www.teachoo.com/premium/maths-and-science-classes/.
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