Taxation Theory, Practice and Law

Taxation Theory,
Practice and Law

Table of Contents
1. Briefly explain different functions of taxation............................................................................3
2. Whether Amandeep needs to pay income tax on his salary and investment income explained
above................................................................................................................................................4
3. Discuss the tax treatment of this payment for Gary....................................................................5
4. Advise John on the assessability and deductibility of above events...........................................6
5. Calculate the amount allowed as deduction for the decline in value of the machinery and the
Holden car........................................................................................................................................7