Question
Mary won $7,000 from a lucky draw conducted by her local bank, where she has a savings account. Whether the $7,000 prize assessable income? Yes,
Mary won $7,000 from a lucky draw conducted by her local bank, where she has a savings account. Whether the $7,000 prize assessable income?
| Yes, there is a nexus (Connection) between her winning and her deposit account in the bank
| ||
| Yes, it is a fruit
| ||
| No, it is just a windfall gain
| ||
| No, it is part of the capital |
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Internal Auditing An Integrated Approach
Authors: Richard Cascarino
3rd Edition
1485110599, 978-1485110590
