tax ACADEMY
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Income Tax  


Income Tax Act(cap 470)

: KENYA



Chapter 4

Specified Sources of Income: (s.15(7)(e))

» Rent
» Employment income
» Wifes employment/self employment income
» Farming income
» Surplus funds to an employer from registered pension/provident funds
» Income from a licence from one licence area in the extraction industry as determined by the Ninth Schedule.
» Surplus funds to an employer from registered pension/provident funds
» Residential Rental Income (RRI)
» Other income not falling within above categories.
Income and expenditure as categorised above cannot be mixed and aggregated together. Losses from one source can only be carried forward to be offset agains profits from the same source.
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