QUIZ TIME for future Chartered Accountants! Which of the following is not considered an allowable 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 Know the answer? Drop it in the comments! At S... https://share.google/Uoqwb0XHY4LxGZD5B