Article 22 Case scenario

Illustration :

Mr. Ram has following incomes :

1. Dividends and other profit distributions received from a Resident juridical person of AED 40,000.
2. Foreign exchange gains or losses in relation to a Participating Interest of AED 55,000.
3. Business Income AED 4,00,00
4. Other Income AED 40,000.

Calculate Taxable Income of Mr. Ram.

Solution :

Taxable Income of Mr. Ram will be:

Particular	Amount (in AED)
Business Income	4,00,000
Dividends and other profit distributions received from a Resident juridical per	Exempt
Foreign exchange gains or losses in relation to a Participating Interest	Exempt
Other Income	40,000
Total	4,40,000