Group of answer choices
Chapter8: Taxation Of Individuals
Section: Chapter Questions
Problem 7DQ
Related questions
Question
25.
S1: Proof of deductions is mandatory.
S2: Deductions are liberally construed in favor of the taxpayer.
S3: All deductions are based on actual expenses incurred.
Group of answer choices
c. Only S3 is true
d. All is false
b. Only S2 is true
a. Only S1 is true
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