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Section 30 of the Tax Code of 1997 in the Philippines outlines the exemptions from income tax for certain entities and income types. It specifies that certain organizations, such as government units and non-profit entities, are exempt from income tax on their income, provided that these incomes are used for their respective purposes. Additionally, it details specific exemptions related to dividends, interest, and other income sources. The section aims to promote specific social and economic objectives by relieving certain entities from tax burdens.
What else can I help you with?
What does Delayed tax refund due to code 1201 mean?
I'm not sure...but that code section deals with alternative minimum tax for corporations if that helps.
What does Section 1245 refer to in the IRS Tax scheme?
This is the section of the IRS code that deals with depreciable personal property, such as business equipment and vehicles.
What is Section 7702 of the Internal Revenue Code?
Section 7702 of the IRC states that withdrawals from a life insurance contract can be made income tax free.
What is the IRS code for the research and development tax credit?
Section 41 of the IRS code covers the research and developmental tax credit. This is a credit one would receive if they had invested money into qualifying research.
How do you get publication 929 of the income tax code?
It's a publication of the IRS. The Code, which has a section 929 is a different thing. http://www.irs.gov/publications/p929/index.html
What is Section 79?
Section 79 of the Internal Revenue Code contains all of the provisions needed for a corporation to install group health insurance plans. These plans are non-qualified but still offer a tax-deduction.
The legal costs of registering a patent may be tax deductible under the provisions of which section of the ITAA 1997?
The legal costs of registering a patent may be tax deductible under Section 40-880 of the Income Tax Assessment Act 1997 (ITAA 1997). This section allows deductions for certain costs related to the acquisition of intellectual property rights, including patents. However, the deductibility may depend on the specific circumstances and how the expenses are classified within the business's financial activities. It is advisable to consult a tax professional for tailored guidance.
What are the specific regulations outlined in tax code section 11042?
Tax code section 11042 outlines regulations related to the deduction of state and local taxes.
What does Delayed tax refund due to code 1201 mean?
I'm not sure...but that code section deals with alternative minimum tax for corporations if that helps.
What does the k in 401 k stand for?
401k is a section of the US Tax Code which describes a particular retirement plan. Section 401a describes a different plan. The letter is a subsection of chapter 401 of the Tax Code.
What are interest groups that are named after the section of the tax code which provides for their existence?
527 groups
What does Section 1245 refer to in the IRS Tax scheme?
This is the section of the IRS code that deals with depreciable personal property, such as business equipment and vehicles.
What is Section 7702 of the Internal Revenue Code?
Section 7702 of the IRC states that withdrawals from a life insurance contract can be made income tax free.
What is the IRS code for the research and development tax credit?
Section 41 of the IRS code covers the research and developmental tax credit. This is a credit one would receive if they had invested money into qualifying research.
How do you get publication 929 of the income tax code?
It's a publication of the IRS. The Code, which has a section 929 is a different thing. http://www.irs.gov/publications/p929/index.html
Which of the following provisions of the Internal Revenue Code can be used to reduce the amount of the income tax expense arising from capital investment projects?
Depreciation deduction submitted by Gigi Calix
Do Canadians legally have to pay tax If so then where does it state that we have to?
The provisions requiring payment of Income Tax are contained in the Income Tax Act.
