Business Expense - Law Dictionary Search Results
business expense
Matched in: Term business expense
ordinary and necessary business expense
Matched in: Term ordinary and necessary business expense
overhead
overhead : business expenses (as rent or insurance) not chargeable to a particular part of the work or product … overhead : business expenses (as rent or insurance) not chargeable to a particular part of the work or product
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expense
Matched in: Term expense
deduction
deduction : a deduction usually taken from gross income that is allowed for losses or expenses attributable to business activities or to activities engaged in for profit charitable deduction : a deduction allowed for a contribution to … exclusion, exemption busi·ness deduction : a deduction usually taken from gross income that is allowed for losses or expenses attributable to business activities or to activities engaged in for profit charitable deduction : a deduction allowed for
operating expenses
operating expenses The expenses of a business not directly associated with the making of a product or providing of a service, such as administrative, technical … operating expenses The expenses of a business not directly associated with the making of a product or providing of a
Current account transaction
the generality of the foregoing such transaction includes-- (i) payments due in connection with foreign trade, other current business, services, and short-term banking and credit facilities in the ordinary course of business, (ii) payments due as interest … business, (ii) payments due as interest on loans and as net income from investments, (iii) remittances for living expenses of parents, spouse and children residing abroad, and (iv) expenses in connection with foreign travel, education and medical
entertainment expenses
entertainment expenses Employment expenses that have an element of entertainment that is directly related to conducting business. … entertainment expenses Employment expenses that have an element of entertainment that is directly related to conducting business.
home office expense
Matched in: Term home office expense
Overhead charges
Those general charges or expenses in any business which cannot be charged up as belonging exclusively to any particular part of the work or product as … Those general charges or expenses in any business which cannot be charged up as belonging exclusively to any particular part of the work
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