Which is a NON-allowable deduction for CIT?
AStaff salaries
BGeneral provisions for bad debtsCORRECT
CRent of business premises
DOffice electricity
CITNCompany Taxation
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
General/round-sum provisions are non-allowable. Only specific bad debts proven to be irrecoverable are deductible.
Want this in Pidgin, Yoruba, Igbo or Hausa? Sign up free →
Practice more Company Taxation questions
CITN Company Taxation has thousands more questions like this — with Worked answers on every one.