While computing the business income, what is the allowable deduction for accounting, legal costs incurred on Issuing debt & shares? I understand that 1/5th of the expense is allowed as deduction. Am I right?
CPA PEP Prep Q&A
Tax treatment for accounting, legal costs incurred on Issuing debt & shares
Tax treatment for accounting, legal costs incurred on Issuing debt & shares
by Pheba Varghese 
- 31 Mar 2017, 1:07 PM