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Which of the following expenses cannot be claimed as a deduction against assessable income? (Select more than one, if appropriate.) An expense incurred in gaining
Which of the following expenses cannot be claimed as a deduction against assessable income? (Select more than one, if appropriate.)
An expense incurred in gaining assessable income | ||
Any expense that is of a capital, private or domestic nature | ||
An expense that is incurred in gaining tax-exempt income | ||
An expense prevented from being deducted by a specific provision, such as those in Div 26 |
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