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GENERAL DEDUCTION FORMULA
Prepaid Expenditure s23H
Section 23H limits the amount of deductions that
may be claimed for prepaid expenditure during a
particular year of assessment.
For example, if certain expenditure is incurred
in order to procure services, all of which will not
be supplied in that year of assessment, only that
portion of the expenditure which relates to the
services supplied during that particular year of
assessment may be claimed.
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