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TAX Q1 1. Explain the rules of the determination of basis period for the year of assessment when (a) Accounts prepared for less than or

TAX Q1

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1. Explain the rules of the determination of basis period for the year of assessment when (a) Accounts prepared for less than or more than 12 months and not ending on 31st December [4 marks] (b) Basis period of a person other than a company under Section 21 of the Income Tax Act 1967 [4 marks]

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