What is included in the definition of a tax benefit according to s 177C ITA36?

Tax Planning and Evasion Quiz

Quiz
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Other
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University
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Easy
Yayan Riyanto
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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An amount included in assessable income
An amount not included in assessable income
An amount included in taxable income
An amount not included in taxable income
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does "dominant" purpose mean in the context of Part IVA?
The sole purpose
The ruling, prevailing, or most influential purpose
The least important purpose
The secondary purpose
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How often can a Business Activity Statement (BAS) be lodged?
Daily
Weekly
Monthly, quarterly, or annually
Bi-annually
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What can a taxpayer do if they disagree with the Commissioner's assessment?
Accept the assessment without objection.
Object wholly or in part.
Request a refund.
Ignore the assessment.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When is additional tax generally due if an amended assessment is made?
Immediately after the notice.
7 days after the notice.
21 days after the notice.
30 days after the notice.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the final step after a valid assessment has been made according to the document?
Serving a notice of assessment
Calculating the tax amount
Filing a tax return
Paying the tax
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which division addresses penalties for tax avoidance schemes?
Div 284
Div 286
Div 288
Div 290
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an example of an administrative offence under Div 284?
Failure to keep records
Making false or misleading statements
Late document lodgment
Tax evasion
9.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What must the Commissioner do regarding the base amount for taxpayer behavior?
Ignore it
Make a formal assessment
Automatically increase it
Automatically reduce it
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