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2. TAXABLE INCOME

8. In general, income of resident individuals or partners includes the total net amount of what is derived in money, valuables or kind from the following sources, whether situated abroad or in N.E.I.:

9. The taxable income of non-resident individuals or partnerships includes income from one or more of the following categories derived from local sources — i.e., sources in the N.E.I.:

10. A non-resident is not taxable on foreign income. A non-resident partner is taxable only on his share of the income of the resident partnership which is derived in N.E.I., provided the partnership gives satisfactory information in regard to its partners, the sources of its income and the basis of its distribution.

11. The categories of income referred to in paragraphs 8 and 9 are defined more fully below:

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