This course covers interpretation of the primary provisions in the Income Tax Act, distinction between income and capital receipts, principles governing the deduction of expenses and conditions for claim of reliefs. Participants will learn to apply the principles in the computation of income tax liability for individuals.
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This course comprises 1 common module on taxability, deductions, capital allowances and 2 modules applied to businesses and companies. The applied module on businesses will look at different business expenses and their deductibility for tax purposes and computing of capital allowances and the allocation of partnership profit to the partners. The applied module on companies covers the formation, operation and taxation of a company including basis of charge, declaration of dividends, treatment of unabsorbed losses, group relief and carry-back relief system.
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Registration is open for intake 3/2011
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