Which one of the following items is not allowed as deduction while computing income from business and profession ?

[A] Fees paid to the lawyer for drafting partnership deed

[B] Loss due to embezzlement by an employee

[C] Legal expenses paid to protect the building of the business

[D] Cost of installing a new telephone

Answer & Explanation
Answer: Fees paid to the lawyer for drafting partnership deed

Commerce Short Question | Gkseries