299.2 1440 -WA | i, es tofos}a3. ___ MYrsouie? , dorttin nntte. ©: Bome 1-2 Tea ae esr WF [oome is any amurint op mene, property or any frncper %} value Hi cel vecl it —txdame 9p goods or services ina. cedain period op Hime. lnvome dse mong ll wealth lich. ____plowS_info fhe tnxpayey other Haan a mere yehurn_of capital (investment). He bafal aestint my, Ha income ic the qos name, whch is Subjed fo bre. 2) phat art te cleminls op Inerte 2 Explain. AWW {oiome can be a mere chun o¢ capital, gure increase In valu of property, dnd eipt tHur Aon more coburn of caplfal futur op coplinl are those coltechons op [rcns receivables anal liquidation of dividends. locrease In valu oy ovpety Oe Unnalired inact ia copital. DHowr realpts are interest paldl_on loang receivable, condonation oy debt pov services render , and exeeks of oaliag ptt over He cost op an acces cold 2) what ace jhe requisttec fo vay a bonepit ¥6 malized Eaplain. UF Ficst ic fiere mast be gala or profit. then, gain or pmpit is recelved ov realited, ‘ifier actually or canchadively.. ad lasHy, it ic not exeneghed by any Law ov Heaty. prom {atone tax. fi levy tnomt_tax, Here cheuld be poptt «If no goin) popit no bar ic cecognizedl hese gain| pmpit is reveled by lnxpay er actual. ¢ conshuchve ( yar yet received but —_ enaited) tt alco ouch no be txempted under any law ov heahy , Hal may appect ionposifioh of fax oncom 4). What ore she types op ezchange ? Explain W Types of exchange art ploahing exhanqe. and Fixed exchange there \< also. peqged floating exdange hich has pnperhet tg ploohag. and peed exdange.._Heahag.exthonge is hore valuec freely andalloned fr fuchudhe or adjust, most commonly becauce of cuppla and demand .cclation.whlie pied exdiange which tas a pixed value and_ppptclal rake. _ Pegged poating exchange ic a pied value arund a certain range hut is. also allewed te changes —ond_adjuchnenke within. certain valve. 5) Habnrate 5 olisHnguish_fhe treatment of incomt per fax payer tyoe. depenclinc) vn the incomes cifus i For esident gens, paymenl op fax ie bast on nek inuome fom within ov ayo tie site, as it 1s witha Ferrara wetsdlctinn x tnclng, oatlioviby Ww Fre non-resident clbrens COPE) y Resident Aliens Croan persen which iu ack —4 iban by dh x fer ich), are std base an An et nme rom. i He soe oy hace nonresident fines, gov example, OFWE are. exemphed hr lavemitas on HWui¢ wages and taming. prom, offer counbies We for wonvesideat alien jbut engaged tu tride ov lasiness i bred base on neh income, from within thu sine. Clius of business ty bade Kah happen within \yeisdlction are those subjeut fe tax NW Tor nonresident allen rut not engaged on Irade ov businss , dre Huse Jared bake om Ams lquome from Hie Hk they at in fhe slates The period op tece than (HP days is a riqaisift © ©) What are feu fypes sp qass Invame based on their farcbiiiy 7 txplela 9 give camples 1 Ordinary ov regular Income , are farce yom Malary , icine ss , prac bp proreccion, AM vale ar dealings of pragerty? other miccellaneoac meme . Alsa fascive Income otter than host ubjeof te final box » Regular Intome 1g Subjeck he Q normal fax. (16 ermal Pecadse it molly gro Incemes in basic. frasadh wns W Pascive incomes , art hore subjeot Yo plual witiholdlng tyes. Examples oF Couroes op pace! ve Inconmed are interact Iitcomb , dividend inuovne , coyalHes , prive sand oHey innings. These inal wifftholding foxes is & Kind of fox yor a sptdpie | certain Jocome sturces like what ik mentimed WW Iniomes from dale of capital asceks vthich art subject fo caplfal gains tax pitse galas ariees when there Me sale of shares of Chock ye a demestic. corprahm pot traded in fa ical Ghook exchange 2 uber Here ic cale op eal property in fue wiore iy le caddihon forthe thee ts fe pedal Invome hal are cubjeck fp cpedial rahe, Like inuomes of PEER (ilippre econemic. one autiry) ond B01 eegicered companics