Alpha (S) Pte Ltd is in the business of selling coffee powder. The following expenses...
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Accounting
Alpha (S) Pte Ltd is in the business of selling coffee powder. The following expenses were charged to the Profit and Loss Account. Which of the following expenses are tax deductible? (i) Exchange loss incurred on purchase of coffee beans (ii) Installation costs of coffee machinery (iii) Minor repairs of machinery
Question 9 options:
1)
(i) and (ii).
2)
(ii) only.
3)
(iii) only
4)
(i) and (iii) only
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