Case I - commencement
09/12/1994
Query
Where a trade is set up and commenced on the 6th April do the profits of the first year to 5th April represent the amount on which the person is charged for the first year of assessment and the second year of assessment?
Decision
Yes
Income Tax
Section 66, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:IT943515