Property in the hands of a taxpayer not engaged in real estate business is treated as a
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Property in the hands of a taxpayer not engaged in real estate business is treated as a CAPITAL ASSET for tax purposes. Select one: True FalseThe capital asset is defined under our Philippine Tax Code particularly in Section 39, 1997 NIRC, as amended. Select one: True False
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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