Deduction - Law Dictionary Search Results

discount

made from a regular or list price or a proportionate deduction from a debt account usually made for prompt payment or

I"] d : letter of credit 3 a : a deduction from an expense or asset account b : a reduction

depreciation] 2 : an act of allowing [ of a deduction]

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and W. P. Keeton"] 2 : an amount abated : deduction ;esp : a deduction from the full amount of a

to mean that part of the 'turnover' which remains after deducting the aggregate amount of proceeds of certain categories of sales

can be deducted even if the taxpayer does not itemize deductions.

respect of sales of goods made during such period after deducting therefrom the amounts, if any, refunded by the dealer in

by a tax-payers, whether to residents or to non-residents, are deductible if their existence is established in conformity with the legal

the subscribers for any instalment of a chit without any deduction of discount or otherwise. [Chit Funds Act, 1982 (40 of

not chargeable in respect of agricultural income; (b) that no deduction in respect of the tax, paid by companies is, by

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