Income Tax

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January 7, 2018 at 1:18 am #427505
sharmeen
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Nina receives a general expenses allowance of 7000 per anum which he uses for entertaining and travel.

Could you please let me know the calculation for this. 🙂
January 10, 2018 at 10:01 am #428188
Tax Tutor
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There is not enough information to compute the final answer – Nina will be assessable on the full 7,000 but would be allowed to deduct as an allowable expense any amount spent on “business” travel.
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