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hello sir
this is rajib
I’ve got a little problem in example number 17 where the tax suffered at sources of dividends and interest income deducted at the higher rate whereas in previous example showed as normal rate. can u identify this problemsThe tax credits for tax suffered at source are deducted from the income tax liability as they always are – 10% on dividend income and 20% on the bank interest!!
Are you sure you are not just looking at the calculation of the income tax liability itself where both sources of income fall into the higher rate band and are therefore charged at their respective higher rates?
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