Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Old MathJax webview . 3/56 TAX LAWS AND PRO R16 ILLUSTRATION 6 State whether the following items are deductible or not and why 1 Sales
Old MathJax webview
.
3/56 TAX LAWS AND PRO R16 ILLUSTRATION 6 State whether the following items are deductible or not and why 1 Sales tax and Wealitat 2 Donation to a political party Con of installing a new telephone 4. Free paid to the lawyer for drafting partnership deed 5 Lour due to emberilement by an employee 6. Penalty paid to custom authorities for violating custom rules 7. Common paid while purchasing raw materials Some cant paid to a labour leader to call off the strike 9 Bad debt 10. In the course of money lending business, the assessee acquired centain properti debes and held them a dock-in-trade. The properties to aspuued tre der action and the esce daims the law doduction 11 Brokerage paid for rang a loan 12 31.000 were watched from the easiest while he was going to the bank depe 13 Legal expense pand to protect the building of the business 1435.000 paid a commissato purchase machinery and 7 500 were also po capenes be the person who went to purchase the machinery amountStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started