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Topic: Basis of taxation. 1. Identify the classes of income in accordance with section 4 of the Income Tax Act 1967 and evaluate the importance

image text in transcribed Topic: Basis of taxation. 1. Identify the classes of income in accordance with section 4 of the Income Tax Act 1967 and evaluate the importance to determine the classes of income under the Act. 2. Provide suitable examples to elaborate the above income

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