Examples of Income Tax Act in a sentence
For exemption of TDS, First applicant, must submit to the company Tax declaration form (Form 15G/H/order U/s 10/Order U/s 197 – as the case may be).TDS will be deducted at twice the rate inforce if the depositor is a specified person under section 206AB of the Income Tax Act 1961.
However, a lower deduction Certificate obtained from the income tax Department, can be furnished for claiming Nil or lower rate of Tax.(c) Tax rate will be as per the provisions of Section 195 of the Income Tax Act, 1961.(d) If Double Tax Avoidance Agreement (DTAA) exists with the country of which the investor is resident, then the applicable Tax rate will be lower of DTAA rate or income tax rate.
We ask you for certain personal information for specific reasons, such as: • SIN numbers are used to identify you, match credit bureau information and comply with Income Tax Act (Canada) reporting requirements; • references are used to verify information on the Account Application; • credit information may be reported to credit bureaus, credit reporting agencies, credit insurers and other lenders to maintain the integrity of the credit-granting process.
It is agreed that the terms of the Plan and its administration shall be entirely the responsibility of these original Trustees or their valid replacements, provided that the Plan is administered consistently with this Collective Agreement, subject to any applicable government law or regulation and with the intention of meeting all of the requirements for continued registration under the Income Tax Act of Canada.
As per the Income Tax Act, the Group is liable to pay income tax which is the higher of regular income tax payable or the amount payable based on the provisions applicable for Minimum Alternate Tax (MAT).