Please complete this form as soon as possible and provide one copy only to your lecturer. You will select or be assigned a unique ASX listed company to review for this group assignment. It cannot be a company which has already been selected by another group.
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Answers: Part-A 1.Based on the framework of Income Tax Assessment Act 97, capital gains tax is the tax which can be asserted on capital disposal on a whole. Moreover, by seeking any changes that have been incurred betwixt the base of cost and the proceeds attained from the asset attracting capital gains. This can pave a path for the determination of capital gains or capital losses whatsoever. In this scenario, the taxation of capital gains is...Read More
Answer: Audit planning is the process under which strategies are designed for conducting the estimated outcome those are also considered as the audit scope within the entity. The time, nature and extent of the plan may vary with the nature of the company and the industry in which it conducts its operation. For instance, if the business is operated on large scale, the strategies and its implementation will take longer times and the accord...Read More
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