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Section 62. Exemption Allowed to Estates and Trusts - National Internal Revenue Code (NIRC)

Section 62. Exemption Allowed to Estates and Trusts of National Internal Revenue Code (NIRC). Section 62. Exemption Allowed to Estates and Trusts. - For the purpose of the tax provided for in this Title, there shall be allowed an exemption

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

National Internal Revenue Code (NIRC)

Section 62. Exemption Allowed to Estates and Trusts. - For the purpose of the tax provided for in this Title, there shall be allowed an exemption of Twenty thousand pesos (P20,000) from the income of the estate or trust.

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