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Taxation II (ACC318_261)
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Companies operating in a free trade zone are entiltled to the following allowances EXCEPT:
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............... is not an example of non- taxable income.
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Current year loss relief is not available to ..............
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The assessment of income from settlements, trusts and estates is governed by the provisions of
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_________ specifically refers to all incomes that emanates from a trade, business , profession, vocation or employment, carried on or excercised by an individual.
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_____ is not one of the objectives of business taxation
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In change of accounting date ......... number of years is of importance in computing basis period.
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Basis period can be classified into........ and ...............
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Allowable expenses are those permissible expenditures or deductions that have been
provided for by the ________ in Nigeria for companies and individuals in order to
reduce their tax burden
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