Section 55: Deemed income arising from expenditure or loss discharged
consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
55. Deemed income arising from expenditure or loss discharged
Section 15 shall apply in all respects to a company as it applies to an
individual.
continued on page I5 – 45
[Issue 9] I5 – 44 (2)
Revised Laws of Mauritius
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Questions this section answers
- If a debt my company deducted as an expense is later cancelled, is that treated as income the same way as for an individual?