Commentary on Sections Example 3 Ne = £5,000; Da = 183; De = 183; Smg = 0 Section 602: Taxable pension income
2400.This section deals with the basis of assessment. It identifies the amount of taxable pension income, which feeds into the computation of net taxable pension income in section 567.
2401.The section derives from section 647(3) of ICTA.