INTERVIEW QUESTIONS TAX DETAILS

Question: What is Investment Method in Taxation?

Answer: Investment Method in Taxation is the method used in connection with VAT where an immediate credit is granted against tax for that part of expenditure incurred during the year for acquisition of business assets (such as plant and machinery by a manufacturer) which related to the tax element in the price of such assets.

Investment Method in Taxation is the method used in connection with VAT where an immediate credit is granted against tax for that part of expenditure incurred during the year for acquisition of business assets (such as plant and machinery by a manufacturer) which related to the tax element in the price of such assets. Source: CoolInterview.com

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