The Ronpibon Tin NL case is authority for the view that the general deduction provision...
60.1K
Verified Solution
Link Copied!
Question
Accounting
The Ronpibon Tin NL case is authority for the view that the general deduction provision in s 8-1 has the following effect: Question 3Answer a. If a loss or outgoing is necessary it is not for the Commissioner to decide the amount that is reasonable for a taxpayer to expend. b. Deductible amounts cannot to be apportioned. c. If a business is suspended for a period of time there are no deductions allowed. d. An Australian company cannot claim deductions for costs relating to activities outside the country
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
