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income tax computation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › income tax computation

  • This topic has 1 reply, 2 voices, and was last updated 6 years ago by Tax Tutor.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • February 4, 2019 at 9:56 am #504105
    ritahk
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    why do we need to gross up the saving income(100/80) and dividends(100/90) when obtaining the net income?
    Am really not getting the concept . Because at first we could just indicate the figures as given in the question, but now there is need to gross up!

    February 8, 2019 at 11:07 am #504494
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    We DO NOT gross up such income – you must be looking at very old tax material!! Look at the Study notes relevant to your exam sitting!!

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