INDIVIDUALS Flashcards
1
Q
What is the Principle of taxation of individuals?
A
The taxable income of each individual shall be determined separately.
2
Q
What is the liability of a legal representative?
A
The legal representative of a deceased individual shall be liable for –
(a) any tax that the individual would have become liable if he had not died; and
(b) any tax payable in respect of the income of the deceased‘s estate.
3
Q
A
