RETURNS OF INCOME DUE JUNE 1
PENALTiES AND FROSECtJTIONS FOR NEGLECT Returiis of income are required to oe furniihed by all companies Arld persons in business, 01* in reCeipt ot profits or gains derived from thu use or oecupatioii of lands used foi* rgricultural or • pastoral purpoSes (irrespective of the vaiue of subh lands) oi* in reeeipt of profits or gains derived from the extraction, rembyal, of salO of mihefais, timoer or flax; also by persons in receipt of income from salary, Wages (ineluding bonuses,- oVeftime, ailowances, etc.) intefestf rent, aniiuity, or othef anntial pay^ ment, or divicTends 01* other profits from shares ip compa'hies where such income expeeds . £200 Rei* annum, whether the income ffom interest, rent, annuity, or dividbhds is derived from a source withih New Zealand or beyond New Zealand. Returns are required anmiaily from such persons notwithstahding that by reason of the speeial exemptions allowable by law they may not be liable for tax. In the absence of a return the Commissioner has power to make an assessment on which he considers tax ought .to be levied.
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Bibliographic details
Chronicle (Levin), 20 May 1946, Page 8
Word Count
181RETURNS OF INCOME DUE JUNE 1 Chronicle (Levin), 20 May 1946, Page 8
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