1. Mr. So filed his 2022 income tax return on June 30, 2023. The BIR discovered a deficiency income tax on August 15, 2024. When should the deficiency tax assessment be served?
2. Nana made a contribution of PHP 15,000 to St. Jude Parish Church. She had a gross income from business of PHP 500,000 and deductions (excluding contribution) of PHP 400,000. From this contribution, how much will be allowed as deduction from his gross income?

Answer rating: 100% (QA)

1 Deficiency Tax Assessment for Mr So According to the Philippine tax regulations the Bureau of Inte... View the full answer