Suggest a correction

General provisions applicable to exemptions under this Part

Income Tax (Shipping Enterprises — Section 13(4) Exemption) Notification 2025

Match the official source exactly.

What needs fixing?

Wrong or mistyped textWrong structure or numberingWrong title or detailsDuplicated content

Proposed text

—(1) The exemption under paragraph 5, 6 or 8 does not apply to any payment or part of any payment liable to be made under an agreement for a loan obtained before 24 February 2015, being a payment or part of a payment that is exempt from tax under any other exemption granted under the Act or any subsidiary legislation made under the Act.(2) The exemption under paragraph 5, 6 or 8 only applies to a qualifying payment liable to be made —(a)at any time on or after the date the shipping enterprise makes a declaration, in relation to the applicable loan, to the Authority, in the form specified by the Authority for the purposes of this sub‑paragraph; or(b)if the declaration mentioned in sub‑paragraph (a) is made on or before the 15th day of a month — at any time on or after the first day of the previous month.(3) Sub‑paragraph (2) does not apply to any qualifying payment liable to be made under an agreement for an applicable loan in relation to which a declaration under paragraph 3(4) of the Income Tax (Exemption of Interest and Other Payments on Economic and Technological Development Loans) (No. 3) Notification 2014 (G.N. No. S 161/2014) had previously been made.

What's the problem? (required)

Source link (optional)

Describe the problem (and edit the text or pick an issue type) to submit.

Suggestions are submitted anonymously. No account or personal information is required or sent.