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

Which one of the following items is not allowed as deduction while computing income from business and profession? Correct Answer Fees paid to the lawyer for drafting partnership deed

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Which one of the following items is not allowed as deduction while computing income from business and profession ? 
Which of the following is not an agreement in restraint of trade?
1. A sells the goodwill of his business with an agreement not to carry on a similar business within specified local limits, so long as the buyer carries on a similar business.
2. A sells the goodwill of his business with an agreement not to carry on a similar business within India, so long as the buyer carries on a similar business.
3. A sells the goodwill of his business with an agreement not to practice the same trade for 25 years.
4. A sells the goodwill of his business with an agreement not to engage in any business competing or liable to compete in any way with the business for the time being carried on by the buyer.
In the following question, sentences of a paragraph have been jumbled and labelled as A, B, C, and D. You are required to rearrange the jumbled sentences of the paragraph and mark your response accordingly by selecting the correct option. A: Per capita income (PCI) or average income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. B: It is calculated by dividing the area's total income by its total population. C: Per capita income is national income divided by population size.  D: Per capita income is often used to measure a sector's average income and compare the wealth of different populations.
Which of the following are the attributes of a profession? 1. The work requires sophisticated skills, use of judgment and exercise of discretion 2. Membership in the profession does not require extensive formal education as well as practical training 3. There are set standards for admission to the profession and conduct for members 4. Significant public good results from practice of the profession Select the correct answer using the codes given below:
Which of the following set of statements is relevant for describing teaching as a Profession ? For your answer select the correct code. (a) Teaching Profession has an organised body of knowledge (b) Teaching Profession implies a set of attitudes (c) Duration of Teacher Training Programme is not a professional pre-requisite (d) Teaching Profession has its own code of moral ethics
the following questions are accompanied by three statements (I), (II), and (III). You have to determine which statements(s) is/are sufficient/necessary to answer the questions. Find Virat’s income? I. Virat’s income is 30% less than his wife, whose provident fund deduction at the rate of 5% is Rs. 975 per month.  II. Rohit spends 30% of his income on house rent, 15% of which is accessory bill and Virat’s expenditure on house rent is Rs. 4500 more than that of Rohit’s. III. Dhoni’s income is 10% more than Rohit’s income.
The following questions are accompanied by three statements (I), (II), and (III). You have to determine which statements(s) is/are sufficient/necessary to answer the questions. Find Virat’s income. I. Virat’s income is 30% less than his wife, whose provident fund deduction at the rate of 5% is Rs. 975 per month.  II. Rohit spends 30% of his income on house rent, 15% of which is accessory bill and Virat’s expenditure on house rent is Rs. 4500 more than that of Rohit’s. III. Dhoni’s income is 10% more than Rohit’s income.
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: Ikea, the world’s largest furniture retailer with 38 billion euros in annual sales, said the customs duty increase will push up costs in India and could hamper business sentiment. Trade barriers such as import duties are against ideas of a global economy and ease of doing business and will lead to higher costs in India, which is not customer friendly. Ikea said it’s still gauging the impact of the move and wouldn’t be able to comment on whether prices will be raised or not. The Swedish company’s entry marked one of the most significant overseas investments in the country.  Courses of action: I. The company imports, most of the products it sells including tableware, kitchenware and household items made of plastic, and travel bags among other items that are covered by the duty increase announced on Wednesday. Companies have said prices of air-conditioners, premium refrigerators, washing machines, shoes and suitcases will go up by 3-5% while premium imported shoes will be dearer by about 5%.  II. Ikea made its debut in India with its Hyderabad store in August and plans to expand to more locations across the country, keeping prices low as it seeks to appeal to customers in a price sensitive market.  III. India announced duty changes on 19 items including air-conditioners, refrigerators, washing machines, footwear, jewelry, furniture fittings, tableware and ATF to curb the current account deficit and stem the slide in the rupee against the dollar. 
Assertion (A): If the interest is payable outside India, tax must be deducted at source.
Reason (R): If tax has not been deducted at source, the amount paid as interest will not be allowed as a deduction in computing business income.
Select the correct answer:
There are five friends I, J, K, L and M. K's income is more than L's income but lesser than M's income. J's income is the least. I's income is lesser than K's income. Whose income is the maximum?