Which of the following tax is allowed as deduction while computing the business income________

Question

Quizplus · Accepted Answer

GST (Goods and Services Tax) is allowed as a deduction while computing business income because it is considered an indirect tax that businesses pay on their inputs and can claim as input tax credit, which is not the case with Wealth Tax, Income Tax, or TDS (Tax Deducted at Source), which are not deductible expenses for the purpose of calculating business income.

Which of the Following Tax Is Allowed as Deduction While