Compensation for loss of office under PITA (as amended) is exempt up to:
A₦1 million
B₦5 million
C₦10 millionCORRECT
DUnlimited
CITNPersonal Taxation
AI
Toaster Teacher
Why the answer is C, and why the others tempt you.
Per the Finance Act amendment, compensation for loss of office is exempt up to ₦10 million; excess is chargeable.
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