chap-16 CORPORATION TAX

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July 5, 2017 at 7:41 pm #394791
aamir2111
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Dear Tutor,

As per lec notes page 107 (sec 7, interest income, point (b)), “Companies receive all interest GROSS”
I didn’t really understand the above phrase. Can you please explain me what exactly does that mean?

Thank you.
July 7, 2017 at 11:20 am #394949
Tax Tutor
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Without any collection of tax at source – individuals now also receive interest gross without deduction of tax at source as you will already have learned
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