Exempt Benefits

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October 28, 2019 at 11:02 am #551073
johnmn1234
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Dear Sir,
Exempt Benefits are not recorded in the tax computation.They are neither deducted nor added to income. In the exams, we just have to put a note that this benefit is exempt.
Is this how we deal with exempt benefits?

Thanks
November 1, 2019 at 10:34 am #551356
Tax Tutor
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If dealing with a Section C question where written answers are required then yes a statement should be made that a particular benefit is exempt rather than just ignoring it!
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