We know that






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. Practical Income Tax
  2. Corporate Income Tax

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 11 years. He also provides Accounts Tax GST Training in Delhi and Pune.