Employing efris in business

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Reference no: EM133303660

Question 1.

Explain the advantages and disadvantages of employing EFRIS in business and show penalties a tax payer is likely to face for failing to implement EFRIS.

Question 2.

With reference to the knowledge you acquired in this course, and as per income tax act, a 10% margin of error is acceptable when declaring a return. Give guidance on the applicability of this requirement.

Reference no: EM133303660

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