A Guide to Income-Tax Practice
A Guide to Income-Tax Practice
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In our eReader you can find the full English version of the book. Read A Guide to Income-Tax Practice Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book A Guide to Income-Tax Practice
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To quickly assess the difficulty of the text, read a short excerpt:
determining whether a claim for abatement arises when there relation to future returns is a claim under this Act, and we have a total income of ^2, 000 (;i, 5oo ^5 00 + ^ 1 > oo ) and n t a total income of only, 500 (^i. Ooo . 500), and there is no claim for abatement.
It is open to argument whether this construction is correct, and whether the " aggregate amount of his income for that year, estimated according to the several rules and directions of the said Acts, " is not ^500.
In addition to ...the point as to rate of tax, cases may arise where a claim under the Act. Depriving one, as it of course does, of the right to use the loss in future averages, may affect an abatement or differentiation claim in the next three years.
On the other hand, there may be a benefit in getting the differentiation, &c. , in the year of loss.
As future profits are the chief factor, it is, ' perhaps, idle to discuss the matter at length, but one example may be useful.
Thus, assume a person makes a fairly regular profit of, 7, 500 (with a little taxed income), but makes a loss of , 3, 001 in 1909, so that the results are : Year ended.
What to read after A Guide to Income-Tax Practice?
You can find similar books in the "Read Also" column, or choose other free books by Adam Murray to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
determining whether a claim for abatement arises when there relation to future returns is a claim under this Act, and we have a total income of ^2, 000 (;i, 5oo ^5 00 + ^ 1 > oo ) and n t a total income of only, 500 (^i. Ooo . 500), and there is no claim for abatement.
It is open to argument whether this construction is correct, and whether the " aggregate amount of his income for that year, estimated according to the several rules and directions of the said Acts, " is not ^500.
In addition to ...the point as to rate of tax, cases may arise where a claim under the Act. Depriving one, as it of course does, of the right to use the loss in future averages, may affect an abatement or differentiation claim in the next three years.
On the other hand, there may be a benefit in getting the differentiation, &c. , in the year of loss.
As future profits are the chief factor, it is, ' perhaps, idle to discuss the matter at length, but one example may be useful.
Thus, assume a person makes a fairly regular profit of, 7, 500 (with a little taxed income), but makes a loss of , 3, 001 in 1909, so that the results are : Year ended.
What to read after A Guide to Income-Tax Practice?
You can find similar books in the "Read Also" column, or choose other free books by Adam Murray to read onlineMoreLess
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