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16 Interest Expense, S4(e) Int Income - Coggle Diagram

- - - - ded even if the asset is NOT completed yet so long the biz has commenced
      - NOT ded if
        
        Co has not commenced biz yet, pre-commencement exp S33(1)
        
        X include as QE to claim CA/IBA
        
        NOT part of the construction cost of plant/building
    - - int exp ded when int is payable
      - S4(c) Int Y
        
        bases of recg of Y= receipt basis/ obtainable on demand
      - received = tax
        
        X received = X tax
- - - - S33(4)
        ded
      - have to revise tax comp (ded is given in the YA int is payable)
    - - ded
      - have to revise tax comp (ded is given in the YA int is payable
      - shall notify DG in writing the ded not later than 12 mths from the end of the BP for the YA when the sum is due to be pd
- - - - persons one of whom has control over the other
      - ind who are relatives of each other
      - persons both of whom are controlled by some other person