Which of the following is not correct with respect to specia

Which of the following is not correct with respect to special tax Benifits provided to members of the armed forces serving in the Sinai Peninsula of Edypt because of TC&JA?

A it is effective on June 9,2015

B it excludes wedge withholdings beginning after January 1, 2017

C It expires no later than January 1, 2025

It excludes from gross income certain military pay

Solution

It expires no later than January 1, 2025. (which is Option C)

_____

Explanation:

The special tax benefit status provided to members of the armed forces serving in the Sinai Peninsula of Egypt because of TC&JA will expire on 31st December 2025 and not on January 1, 2025. In other words, this provision will end with effect from Janaury 1, 2026. Therefore, Option C is incorrect.