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What if instead of being self employed in Illust #2 he is an employee so the 80,000 he made goes as deductible expense in relation to his employment income.what we will do?… shall we deduct full 80,000 as being allowable deduction and then add back 30,000 as AA charge becuase it is above AA of 50,000 ..i am confused..please advice
@hishamtax, yea 80,000 will b deducted frm employment income and excessive of AA [80,000-50,000] 30,000 will b added in employment income by the name of AA charge.
@zain77, thanx zain that was very helpfull, now i fully comprehend the subject..thx again
@hishamtax, yea, its same, as u told. 30000 is also become taxable with employment income
very clear and understandable
Clear enough, thx
I am not seeing the video is there an error with the site?
fully understand great thanks
very nice and fully understandable many thanks
thanks making me clear about annual limits of
pension schemes
great