Practice question
What unpaid increments does 249(C)(3) expressly mention along with deficiency tax?
- Only unrelated rent.
- Only personal travel expenses.
- Surcharge or interest thereon due under notice and demand.
- Only projected future profits.
- Only a private donation.
Legal references
- NIRC Sections204,206-208,222-223 and248-249, as applicable and amended: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
- RA10963 Section75, amended NIRC249: https://lawphil.net/statutes/repacts/ra2017/ra_10963_2017.html
- RA11976 Sections41 and45, EOPT surcharge and specified concessions: https://lawphil.net/statutes/repacts/ra2024/ra_11976_2024.html
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