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income tax payable/(repayble)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › income tax payable/(repayble)

  • This topic has 4 replies, 3 voices, and was last updated 9 years ago by sabahat.
Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • May 29, 2015 at 11:27 am #250161
    sabahat
    Participant
    • Topics: 15
    • Replies: 16
    • ☆

    income tax liability is 100
    tax deducted from source on dividend is 1100
    dividend gross amount is 11000

    why is it not repayble…..kit shows the answer is nil
    if it is negative then 1000 should be repayble? clear the doubt please

    May 29, 2015 at 12:43 pm #250203
    Hareem sikandar
    Member
    • Topics: 3
    • Replies: 14
    • ☆

    Dun know , but a negative figure could be created , repayment is possible in this case
    There isnt any examiner comment aur tutorial note ??

    May 30, 2015 at 8:10 am #250422
    sabahat
    Participant
    • Topics: 15
    • Replies: 16
    • ☆

    but kit showsss the nil answer

    May 31, 2015 at 8:45 am #250816
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    See OT course notes page 7, Chapter 2, section 2.4
    moavia94 has the right answer but you can read more detail in above reference

    May 31, 2015 at 3:05 pm #250985
    sabahat
    Participant
    • Topics: 15
    • Replies: 16
    • ☆

    thnx a lot for being there whenever i need u guys……

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