03. Exempt income

Joshua Easton Tax

The Tax Act deals with a wide category of exempt income on which income tax is not payable. However, such exemptions still should be declared in income tax returns.Although income tax is not payable on exempt income itself, its inclusion in tax returns does alter the rate of tax payable on other income. Note, that any tax losses carried forward ...

This content is accessible with a current product subscription; please log in or purchase to read further.