- CA HARSH GARG
- Leave a Comment on “What Happens When Personal Expenses Are Claimed as Business Costs?” A Complete Guide
“What Happens When Personal Expenses Are Claimed as Business Costs?” A Complete Guide
Introduction Claiming personal expenses as business expenses is a common error or sometimes a deliberate act to reduce tax liability. However, under the Income Tax Act, 1961, such practices can lead to disallowance of expenses, additional tax liability, and
