Taxation Interview Question:

Tell me what are dis-allowable expenditure?

Submitted by: Administrator

Dis allowable expenditure:
☛private expenditure
☛clothes bought for ordinary everyday wear
☛acquisition and depreciation of business assets
☛your own wages or salary
☛your business partner's wages or salary
☛payments to charities
☛travel expenses between your home and place of business
☛a general (non-specific) provision against doubtful debts
☛legal costs of acquiring land and buildings
☛fines for breaking the law
☛your own life, accident or sickness assurance
☛costs of alterations, additions or improvements to business premises
Submitted by:

Dis-allowable expenditure means which types of expenses that are not related to our business or profession.
Example> i started a pen manufacturing company but we include our family expenses in our business.
Submitted by: Md.neamatullah