Deductive - Law Dictionary Search Results

Trade allowance

is a trade allowance or not, depends upon the facts of each case. Firstly, it must be a deduction in any transaction in respect of commercial crops. If it is a deduction out of the price or

in tithe rent-charge to yield interest equal to the gross annual value of the rent-charge less the specified deductions, the gross annual value to be taken in the case of agricultural land and ecclesiastical tithe rent-charge at

Intoxicating liquor

900l. yearly value or more. If the tenure of the holder of the licence is leasehold, he may deduct [s. 21(3)] from his rent a percentage of the charge, lessening with the length of his term, ranging

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tax benefit rule

benefit rule : a tax rule requiring that if an amount (as of a loss) used as a deduction in a prior taxable year is recovered in a later year it must be included in the gross

gross

of the rules of ethics] [a abuse of trust] 2 : consisting of an overall total exclusive of deductions [ annual earnings] compare net gross·ly adv gross·ness n n : overall total exclusive of deductions in gross

discount

value of something: as a : a reduction made from a regular or list price or a proportionate deduction from a debt account usually made for prompt payment or for payment in cash b : a reduction

Debt owed

Maharani Saheb of Bhavnagar Palace, (1979) 2 SCC 213: AIR 1979 SC 982: (1979) 3 SCR 545. The deduction claimed in respect of each assessment year was in truth and substance a liability under the Indian Income-tax

Turnover of sales

sale-prices received or receivable by a dealer in respect of sales of goods made during such period after deducting therefrom the amounts, if any, refunded by the dealer in respect of any such goods returned or rejected

Trade discount

Trade discount, a 'trade discount' is a deduction from the catalogue price of goods allowed by wholesalers to retailers engaged in the trade, Dy. C.S.T. (Law),

Taxable turnover

2(s) of the Rajasthan Sales Tax Act, 1954 to mean that part of the 'turnover' which remains after deducting the aggregate amount of proceeds of certain categories of sales and 'turnover', according to s. 2(t), means 'the

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