Article 22 Case scenario
Illustration :
Mr. Ram has following incomes :
- Dividends and other profit distributions received from a Resident juridical person of AED 40,000.
- Foreign exchange gains or losses in relation to a Participating Interest of AED 55,000.
- Business Income AED 4,00,00
- 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 |