Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose - Income Tax Bill, 2025 - Old Version
Association of persons or body of individuals or artificial juridical person formed for a particular event or purpose - Income Tax Bill, 2025 - Old Version
Tax on specified incomes imposes a separate high rate and bars deductions and loss set offs for those incomes. Where total income includes income referred to in sections 102-106, tax is the aggregate of tax computed by applying a separate high rate to those ... Summary
Tax on specified incomes imposes a separate high rate and bars deductions and loss set offs for those incomes.
Where total income includes income referred to in sections 102-106, tax is the aggregate of tax computed by applying a separate high rate to those specified incomes and tax on the remainder of the total income after excluding such incomes; no deduction, allowance, expenditure claim or set off of any loss is allowed against those specified incomes.
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