What label should this be allocated to on company tax return

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Reference no: EM134007326

Problem

The Commissioner considers 25% of the director's fees as excessive under s.109, then you need to calculate the excessive amount:

10700 * 25% = 2675

This excessive amount should be added back to the net profit before tax when calculating taxable income. Get the instant assignment help. What label should this be allocated to on a Company Tax Return?

Reference no: EM134007326

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