Webthe requirement to deduct income tax at source (Part 15 of ITA 2007, specifically ITA07/S874). The criteria for TIOPA10/S187 to operate In order for TIOPA10/S187 to take effect, certain conditions ... Web874 Duty to deduct from certain payments of yearly interest. (1) This section applies if a payment of yearly interest arising in the United Kingdom is made—. (a) by a company, (b) by a local authority, (c) by or on behalf of a partnership of which a company is a member, …
Section 874, Income Tax Act 2007 Practical Law
WebThe Income Tax Act 2007, which received Royal assent on 1 November 2007, represents the fourth and final stage in the rewrite of income tax legislation using plain drafting techniques. The bill was introduced on 15 November 2006 and had its first reading on 23 November. The Finance and Expenditure Committee reported the bill back to Parliament ... open up resources 7th grade
874 Duty to deduct from certain payments of yearly interest
WebAug 19, 2024 · 4 Posts. Included in this amount is compensatory interest of 8% a year simple interest which has been added to the amount due to reflect being deprived of … WebTax Laws & Rules > Acts > Income-tax Act, 1961. Income Tax Department > All Acts > Income-tax Act, 1961. Choose Acts: as amended by Finance Act. Section Wise. Chapter Wise. Section No. Text Search: WebChanges to legislation: Income Tax Act 2007, Section 274 is up to date with all changes known to be in force on or before 13 February 2024. There are changes that may be … open upright mri bham