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    <title>Can I claim deduction for my personal and household expenditure while calculating my taxable income or profit?</title>
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    <description>Personal and household expenditure is not deductible. Only expenses expressly permitted by the Income-tax Act may be claimed as deductions when computing income under the various heads; taxpayers must segregate personal/household outlays from income-producing or business expenses and rely on statutory provisions to determine allowability.</description>
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      <description>Personal and household expenditure is not deductible. Only expenses expressly permitted by the Income-tax Act may be claimed as deductions when computing income under the various heads; taxpayers must segregate personal/household outlays from income-producing or business expenses and rely on statutory provisions to determine allowability.</description>
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      <pubDate>Thu, 21 Dec 2023 16:59:00 +0530</pubDate>
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