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Income Tax -4 New

Income Tax -4 New



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Published by rehan87

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Published by: rehan87 on Jul 24, 2009
Copyright:Attribution Non-commercial


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3103: Laws and Practicesof Taxation- IIChapter- 1Introduction
PageTitle / heading goes here
Learning Objectives
To understand the different between accountingincome and taxable income.
To know about the characteristics of income.
To learn about the general principles and exception togeneral principles of income taxes.
To learn about non-assessable income
To know about investment tax credit.
PageTitle / heading goes here
Learning Objectives
In accounting: Income = Revenue – Expenses
Taxable Income =Assessable Income - Deductions

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