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All ▸ Bar 2024 ▸ COMMERCIAL AND TAXATION LAWS ▸ XIII. TAXATION LAW (R.A. No. 8424, as amended by R.A. No. 10963, R.A. No. 11534) ▸ G. Income Taxation ▸ 4. Gross Income ▸ d. Deductions from Gross Income - Sections 34 and 36 ▸ iii. Non-deductible Items

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The Given Subject: Deductions from Gross Income - Sections 34 and 36

Mr. Romulo is a self-employed individual engaged in the business of selling handmade crafts. For the taxable year 2021, he reported a gross income of PHP 800,000. However, he is unsure of which expenses can be deducted from his gross income to arrive at his taxable income.

In accordance with Sections 34 and 36 of the Philippine Tax Code, specify three items that are considered non-deductible expenses from Mr. Romulo's gross income. Provide the specific provisions from the said sections to support your answer.

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