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(f) rent of, or expenses in connexion with, any premises or
part of premises not occupied or used for the purpose of producing
the profitsj
(g) any tax paid or payable under this Chapter.
(2) In computing the profits or losses of a partnership, nothing
shall be deducted for salaries or other remuneration of partners or
for interest on partners' capital or loans.
19,(1) Save as provided in this section, the assessable profits
liable to Profits Tax of any trade, profession or business for any
year of assessment shall be the full amount of its profits arising in
or derived from the Colony during the year preceding the year of
assessment.
(2) Where the Commissioner is satisfied that the accounts of
trade, profession or business carried on or exercised in the Colony
are usually made up to some day other than the thirty-first day of
March, he may direct that the profits from that source be computed
on the amount of the profits of the year ending on that day in the
year preceding the year of assessment. Where, however, the profits of any trade, profession or business have been computed by reference to
an account made up to a certain day, and no account is made up to the corresponding day in the year following, the profits from that source
both of the year of assessment in which such failure occurs and of
the two years of assessment following shall be computed on such basis
as the Commissioner in his discretion thinks fit.
(3) Where a person comences to carry on a trade, profession or bus-
siness in the Colony on a day within a year of assessment, the profits
arising therefrom for the period from such date to the end of the year
of assessment shall be the assessable profits for such year of
assessment.
(4) where a person has comenced to carry on a trade, profession
or business on a day within the your preceding a year of assessment, the assessable profits for that year of assessment shall be the profits
for one year from such day.
(5), Where a person ceases to carry on a trade, profession or
/business
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