That ^^^ is the most popular version. However the next one is broken farance' - >>> faran - >>> farang
One thing is certain: indians and africans are NOT farangs
Seriously. this is not a linguistic forum, isn't?
Not just salary..........section 1 is income derived from employment
Section 40(1) income includes your salary, wage, per diem, bonus, bounty, gratuity, pension, rent allowance, employer-provided rent-free lodging, debt liability paid by your employer, and any money, property or benefit you received in connection to your employment.
"Expense" may be a poor translation. I think of it as a standard deduction any taxpayer may take without supporting documentation, instead of filing an additional Schedule A itemizing expenses. Isn't that available for rental income also? You can take a standard 30% deduction or elect to itemize expenses?
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