Taxation Law HELPPPPP (1 Viewer)

[RabbitRabbit]

OK, my tax law exam is tomorrow. I know absolutely nothing. I've been reading lecture notes over and over again, but nothing is sinking in. It's very fustrating. I need to pass!!!!!

Can anyone help?
What is "first negative limb", "second negative limb"... mean?
What is Franking Accounts mean (in simple terminology) ?

And any other help on how to study this horrible unit would be much appreciated.

 

[Vagabond]

Better luck next semester.

 

[RabbitRabbit]

... lol thanks

 

[3li]

OK, my tax law exam is tomorrow. I know absolutely nothing. I've been reading lecture notes over and over again, but nothing is sinking in. It's very fustrating. I need to pass!!!!!

Can anyone help?
What is "first negative limb", "second negative limb"... mean?
What is Franking Accounts mean (in simple terminology) ?

And any other help on how to study this horrible unit would be much appreciated.

jst gotta avoid those two limbs and te other two, satisfy the positives and then claim ur deduction mate.

franking accounts show balance of franking credits, so its eithera debit balance of credit balance after all transactions made. franked receipts = cr while franked payments = dr

 

[RabbitRabbit]

^ Thanks for that. Clarified my understanding a bit

 

[blue_chameleon]

Better luck next semester.

.

 

[RabbitRabbit]

.

._.

 

[ifsonotso_100]

how do u expect people to help u- night before the exam?

 

[Vagabond]

If you're that messed at the very least you should be avoiding procrastinating on the internet.

You should have locked yourself in your room with your textbook, lecture notes and some No Doz.

 

[RabbitRabbit]

No I'm not expecting miracles

Merely asking for assurance (as a very last resort) before a long cramming-session with the textbook.

 

[tubtub]

hey is tax law hard????

 

[ifsonotso_100]

no.

 

[tubtub]

no.

really??? its all theory right?

 

[Minai]

really??? its all theory right?

Hmm, well it's a lot of applying the tax law to facts, so its quite practical in that sense.