Assume that the written down value of assets in the pool 2 is GH 100 000 and the repairs and improvements is GH 20 000 What will be the tax allowable expenses?
Assume that the written down value of assets in the pool 2 is GH 100 000 and the repairs and improvements is GH 20 000 What will be the tax allowable expenses?
Chapter2: Gross Income And Exclusions
Section: Chapter Questions
Problem 1MCQ: The definition of gross income in the tax law is: All items specifically listed as income in the tax...
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Question
1.
What
are the conditions under Income Tax Act, ACT 896 for
expenditure to be allowed as a deduction when computing
business, employment or investment income?
2.
List
5 allowable deductions from the assessable income
3.
Assume
that the written down value of assets in the pool 2 is
GH 100 000 and the repairs and improvements is GH 20 000
What will be the tax allowable expenses?
4.
Given
that the assessable income for the company is
GH 140 000 the finance cost is GH 90 000 and there is no
corresponding finance gain, what is the allowable expense?
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ISBN:
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Author:
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Publisher:
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