Tax definition clause

Tax definition clause Although it is necessary in most omnibus clause cases to prove that a defendant attempted …"Most favoured nation" clause and dividends withholding tax. the fund would be entitled to a gross-up under the Tax Clause. In order toDecember, 2011 [Clause (9C) of Part II of 2nd Schedule] On Value of goods as determined under section 25 of the Customs Act, 1969, as if the goods were subject to ad valorem duty increased by the Customs-Definitions. The concept of Force of Attraction (FoA) has been adopted in some of the tax treaties which India has signed with other countries. The LMA was established by a group of banks primarily to foster the development of the secondary loan market. One …. 225-8 — Duty-Free Entry (Oct 2010) (2) The Contracting Officer will determine whether any of these supplies should be accorded duty-free entry and will notify the Contractor within 10 calendar days after receipt of the Contractor's notification. Read more about Significance of force of attraction clause in tax treaties on Business Standard. Dependent clauses often begin with such words as although, since, if, when,An article of commerce may be subjected to an ad valorem tax in proportion to its value, which is determined by assessment or appraisal. Kuball, 976 F. It can stand on its own. 17. This is so obviously unreasonable that nowadays lenders’ counsel are usually willing to accept the insertion of a further condition in the definition of Treaty Lender, along the following lines:been involved in the development of the LMA’s loan documentation for investment grade borrowers since the project was first launched in 1996. This concept is applied in order to determine the tax base of a foreign enterprise in the other State. United States v. The taxpayer’s reliance on a different valuation method than the one chosen by the CRA and the relative inaccuracy of a FMV determination performed in good faith will not, in and of itself, compromise the effectiveness of the price adjustment clause. Requirements governing the recognition of a price adjustment clause. 06 TO OBSTRUCT OR IMPEDE THE DUE ADMINISTRATION OF THE INTERNAL REVENUE LAWS The omnibus clause is aimed at prohibiting efforts to impede the collection of one's taxes, the taxes of another, or the auditing of one's or another's tax record. I am feeling well today. A dependent clause cannot stand on its own. Duties, taxes on goods imported or brought into this country from a foreign country, are either ad valorem or specific. Under the previous system, a Secondary Tax on Companies (STC) was imposed on the company declaring the dividend, while the DWT system imposes the tax on the shareholder, with the company declaring the dividend being responsible for withholding the tax and paying it over to SARS. (iii) the value of any perquisite or profit in lieu of salary taxable under clauses (2) and (3) of section 17; (iiia) any special allowance or benefit,Clause I. A disclaimer is an irrevocable refusal by a potential beneficiary to accept a gift or bequest from the estate of a decedent. An independent clause is a simple sentence. (3) Except as otherwise approved by the Contracting Officer,What is Tax ? Meaning and Definition ↓ The tax revenue is the most important source of public revenue. A tax is a compulsory payment levied by the government on individuals or companies to meet the expenditure which is required for public welfare. Sep 25, 2013 · Adding a disclaimer clause to your will may provide it with additional flexibility at your death and potentially produce favorable estate tax savings for your heirs. However, in many an acts, definition clause is inserted to mean a ‘word’ or ‘expression’. 2d 528, 531 (9th Cir. Rules of Interpretation of Tax Statutes P a g e 6 | 49 INTRODUCTION 1. It needs an independent clause to complete a sentence. 66 — FAR 52. Explanations and Provisos are …Definition of ‘Income’ under S. 2 (24) of Income Tax Act, 1961. 1992). Explanation: For the purposes of this sub-clause, “trust” includes any other legal obligation. A clause is a group of words containing a subject and verb. Introduction: No enactment has been enacted by the Legislature for Interpretation of Statues including on Tax Laws Tax definition clause
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