All expenses wholly or exclusively incurred in the production of taxable income are allowable as deductions for tax purposes. These deductions include:
• Interest on borrowed money used in acquiring income;
• Rent on land and buildings used in the trade or business;
• Costs or repair or premises, plant and machinery;
• Bad debts and specific doubtful debts, with any subsequent recovery being treated as income when received; and
• Employer’s contributions to approved pension or provident funds.
• Zakat, fitrah or any religious dues, payment of which is made under any written law