Which of the following are tax benefits in accordance why s 177C(1) ? Select all that apply
A) Any reduction in tax payable
B) Not including income that should have been if it were not for a scheme
C) Deducing expenditure that would not be if it were not for a scheme
D) Obtaining a tax offset that would not be available if it were not for a scheme
Correct Answer:
Verified
Q22: What is tax planning? Select the best
Q23: What is tax evasion?
A) Deliberately lying about
Q24: Tax evasion is ?
A) Legal
B) illegal
C) Legal
Q25: Which of the following are indicators of
Q26: What is required for Part IVA to
Q28: What is an alternate hypothesis?
A) The transaction
Q29: Determining a taxpayer's purpose requires a consideration
Q30: What type of purpose must be present
Q31: If Part IVA applies, what action can
Q32: Why are shams legally ineffective?
A) Legal rights
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