Chapter 10 Profits Tax: Receipts

Section 14 is the charging section for profits tax. Interest income may therefore be subject to tax under Section 14. Further, interest income is deemed to be chargeable income under Section 15(1)(f) (for corporations), Section 15(1)(g) (for persons other than corporations) and Section 15(1)(i) (for financial institutions). 4.1.2 P ................
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