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Business Income - Coggle Diagram
Business Income
Non-deductible expenditure
Expenditure incurred
Provisions made
Capital Expenditure
Expenditure not wholly and exclusively in the production
Non-taxable Income
Gain on Disposal
Rental Income
Interest Income
Dividend Income
Characteristics of Allowable expense
In the production of gross income
Wholly and exclusively
Outgoing expenses
Gross Income
Chargeable under
S4(a)
to
S4(f)
Amount of income arising from any source before deductions
Rental income is received in advance
Basis Period
Company, person of body and partnership
Follow business’s financial year end
Individual
Follow calendar year basis
Double deduction for expenses
Requirements to claim for double deduction
Eligible under
S33
, not prohibited by
S39
Related to business activity
Revenue expenditure