Post
by merci » Fri Sep 18, 2009 11:06 pm
hi chetanojha,
i read previous posts and your answer regarding this.
But I could not find any direct reference about it.
Do you know where they are mentioning about it in guidence.
It does not make sense to me due to they are asking the net profit of the company?
quote
116. employment, we will assess the applicant’s gross salary before tax. This includes self-employed applicants who draw a salary from their businesses.
unquote
due to dividend is not salary we can not consider this item
quote
140. all the relevant earnings claimed by the applicant. If earnings from a particular source have been paid in more than one way, the applicant must send two types of document for each part of the payment claimed.
For example: An applicant has been paid for his/her salaried employment by means of a salary and a dividend. If the gross and net dividend payments are included on the applicant’s payslip, and can be supported by details of the net dividend payment on the applicant’s bank statements, the applicant could submit bank statements and payslips as supporting evidence for both the salary and the dividend claimed............
unquote
or
quote
v) Dividend vouchers must show the amount of money paid by the company to the applicant, normally from its profits. They should confirm both the gross and net dividend paid. An applicant should provide a separate dividend voucher or payment advice slip for each dividend payment, to cover the whole period claimed.
unquote
are these the related items about it you think?????????????? Still not mentioning clearly which one is going to be calculated. Gross or net?
Rgds
