Q1) DEF Pte Ltd incurred the following capital expenditure during accounting year 2020: (i) Accounting software system costing $90,000. (ii) Office sofa costing $3,000. (iii) Private plated car costing $150,000. What is the maximum allowances available to DEF Pte Ltd for the Year of Assessment 2021?

Q2) Beam Pte Ltd has unabsorbed losses and donations of $35,000 and $15,000 respectively from Year of Assessment (YA) 2021 and assessable income of $50,000 from YA 2020. The amount of qualifying deductions that can be carried back is?

Q3)

XYZ Pte Ltd is a trading company with a 30 September accounting year end. What is the basis period of the trading profit that will need to be reported in its tax return for the Year of Assessment 2021?