1.TheseRulesmaybecitedastheIncomeTax(RemissionofTaxforCompanies)Rules. Definitions 2.IntheseRules— "chargeableconcessionaryincome"meanschargeableincomesubjecttotaxatthe concessionaryrateof10%orsuchotherconcessionaryrateasmaybeprescribedunder section13H,43A,43C(excludingsuchpartoftheincomeascertainedundersection26 ...
sugar, whiskey, and snuff. Income tax first appeared in the United States in 1862, during the Civil War. At that time only about one percent of the population was required to pay the tax. A flat-rate income tax was imposed in 1867. The income tax was repealed in its entirety in 1872...
3. Where a concessionary rate of tax is specified under section 43N or 43P for an approved ...
INCOMETAXAPPELLATETRIBUNALORDER2009-TIOL-758-ITAT-DEL/sONGCVideshLtdVsDCIT,NewDelhi(Dated:October30,2009)Income-tax-section..
Royalties and other income from 'intellectual property' are chargeable to income tax. The full amount of such income arising in the tax year is chargeable less expenses incurred wholly and exclusively for the purpose of generating income. Non-resident investment income Tax on UK investment income ...
‘promote and sustain the economic activity of a particular economic value to Gibraltar and that he/she will earn more than £160,000. Approved HEPSS individuals shall be chargeable to tax for a year of assessment in the amount of £160,000 exactly, under the Gross Income Based scheme ...
Income of a Resident but not Ordinary Resident India (RNOR)- accruing or arising or deemed to be accruing or arising in India is chargeable and not income accrue or arise outside or such incomes or which has no connection with India are not chargeable to tax in India. Income of a Non-...
Subsequently, paragraph 75 is titled “Calculation of income tax liability on amount of transition profits” and it applies when determining the trader’s liability to income tax for a tax year in which an amount of the 2023/24 transition profits are chargeable to income. This paragraph...
January 2023. Four types of offshore passive income, namely (1) interest, (2) income from intellectual properties, (3) dividends and (4) disposal gains in relation to shares or equity interest, will be deemed to be sourced from Hong Kong and chargeable to profits tax under certain ...
The Foreign-sourced Income Amendment Ordinance also specifically excludes from the scope of “specified foreign-sourced income” any interest, dividend or disposal gain of an entity with profits chargeable at concessionary tax rate or exempt from tax under certain pre-existing concession or ...