Business Expenditure means a cost relating to the operations of an accounting period or to the revenue earned during the period or the benefits of which do not extend beyond the period. This book on Business Expenditure provides a comprehensive discussion on allowable business expenditures from the business income which is to be computed under the head Profits and Gains of Business and Profession (PGBP) of the Income Tax Act, 1961. Since this area is prone to litigation due to complex legal structure, this book accentuates a brief discussion on more than 10,000 rulings of the Supreme Court, High Courts and Tribunals, which are cached in over 5,000 headings. It is a must to effectively plan business expenditures in line with the provisions of Income Tax Act.