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I Dictionary

Income shifting

Income shifting, means the practice of transferring income to a taxpayer in a lower tax bracket, such as a child, to reduce tax liability, Black's Law Dictionary, 7th Edn., p. 768...


income statement

income statement A presentation of the sales, expenses, and profit or loss of a business on a periodic basis ...


Income statement

Income statement, means a statement of all the revenues, expenses, gains, and losses that a business incurred during a given period, Black's Law Dictionary, 7th Edn., p. 768....


income tax

income tax : a tax on the net income of an individual or a business compare excise, property tax ...


Income Tax Authority

Income Tax Authority, includes income tax officer, assistant appellate commissioner etc and not ITAT. I.T. Commissioner v. B.N. Bhattacharjee, AIR 1979 SC 1725 (1730). [Income-tax Act, 1961, s. 245A(i), 245C(i)]...


Income-tax

Income-tax, a tax of so much in the pound of income, under five classifications, according as derived from (A) ownership of land or houses, etc., (B) occupation of land or houses, etc., (C) dividends from stocks or shares, (D) professional or trade earnings or profits, and any profit not included in the four previous classifications, and (E) official and other salaries. The Acts on this subject, dating from the Income-tax Act, 1842 (5 & 6 Vict. c. 35), which, to a great extent, repeats the phraseology of Addington's Act of 1806, are very numerous. Voluntary Easter gifts to an incumbent are assessable to income-tax, Cooper v. Blakinston, 1909 AC 104. See Chitty's Statutes, tit. 'Property Tax.'The tax in 1842, and for many years afterwards, was 7d. in the pound; in 1855,, the year of the Crime an War, it rose to 1s. 4d., and in 1918 to 6s. The Finance Act, 1907 (7 Edw. 7, c. 13), for the first time differentiated (ss. 19 et seq.) between 'earned income' and income from other sources, and...


instruction

instruction : an explanation of an applicable principle of law given by a judge to a jury before the jury retires to consider its verdict called also jury charge jury instruction NOTE: Under both the Federal Rules of Civil Procedure and the Federal Rules of Criminal Procedure, at the close of evidence, or before the close if the court reasonably so directs, any party may file written requests for the instructions to be given to the jury by the court. The court must advise the parties of its decision regarding the instructions prior to closing argument so that the parties may address the instructions during argument. Any objections to the instructions must be made before the jury retires for deliberation. ...


Instructional

Pertaining to or promoting instruction educational...


Instructive

Conveying knowledge serving to instruct or inform as experience furnishes very instructive lessons...


Into

To the inside of within It is used in a variety of applications...



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