explain the basic conditions an item must meet in order for an expenses to pass the test of deductibility. according to Malaysia taxation. according to below point please help to expand. it must be revenue in nature it must be laid out wholly and exclusively in the production of gross in come it must not be specifically disallowed under section 39 of the act
explain the basic conditions an item must meet in order for an expenses to pass the test of deductibility. according to Malaysia taxation. according to below point please help to expand. it must be revenue in nature it must be laid out wholly and exclusively in the production of gross in come it must not be specifically disallowed under section 39 of the act
Chapter1: An Introduction To Taxation And Understanding The Federal Tax Law
Section: Chapter Questions
Problem 32DQ
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explain the basic conditions an item must meet in order for an expenses to pass the test of deductibility. according to Malaysia
according to below point please help to expand.
it must be revenue in nature
it must be laid out wholly and exclusively in the production of gross in come
it must not be specifically disallowed under section 39 of the act
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