Captive finance company means a person that derived at least seventy-five per cent of its gross income for the current taxable year and the two taxable years preceding the current taxable year from one or more of the following transactions:
Captive finance company means a person that derived 48
Examples of Captive finance company in a sentence
The same treatment applies to deposits held by the following classes of financial services companies: - Agency treasury company Standalone treasury company Captive finance company Asset finance company (where deposits are an integral part of the financing arrangement) Leasing company (where deposits are an integral part of the lease arrangement) Investment trader.