Deferred Income - Law Dictionary Search Results
Home Dictionary Name: deferred incomedeferred income
deferred income : current income forgone to produce a later higher income (as at retirement) ...
deferred compensation
deferred compensation : current compensation (as wages or salary) deferred until a later time usually for the purpose of investment (as in a retirement plan) ...
Deferred stock
Deferred stock. Stock in a company is frequently divided into 'preferred,' the holders of which are entitled to a fixed dividend payable out of the net earnings of the whole stock, and 'deferred,' the holders of which are entitled to all the residue of the net earnings, after such fixed dividend has been paid to the holders of the 'preferred,' according to the classification in the memorandum or Articles. See also Companies Act, 1929, s. 50, in regard to companies limited by shares or limited by guarantee. See as to railway companies the Regula-tion of Railways Act, 1868 (31 & 32 Vict. c. 119), s. 13, which limits the power to create such stock to cases where a 3 per cent. dividend has been paid for one year, and puts a fixed maximum dividend on the 'preferred' at the rate of 6 per cent....
deferred
deferred : withheld or delayed for or until a stated time [a payment] [ prosecution] ...
deferred annuity
deferred annuity see annuity ...
deferred inspection
deferred inspection See Parolee. Source: U.S. Citizenship and Immigration Services ...
tax-deferred
tax-deferred : not taxable until a future date or event (as withdrawal or retirement) ...
Deferred life annuities
Deferred life annuities, annuities for the life of the purchaser, but not commencing until a date subsequent to the date of buying them, so that if the purchaser die before that date the purchase money is lost....
Income
Income, s. 4 of the Income-tax Act, defines the 'total income' to include all income, profits and gains from whatever source deprived. The definition of 'income' in Shaw Wallace & Co. case, 1932 (59) IA 206, as a periodical monetary return coming in with some sort of regularity, or expected regularity, from definite sources must be read with reference to the peculiar facts of that case. Money received 'under consequential loss policies, were income within the meaning of s. 2(6c) of the Income Tax Act, Raghuvanshi Mills Ltd. v. Commissioner of Income Tax, AIR 1953 SC 4: (1953) SCR 177.Income connotes a periodical monetary return 'coming in' with some sort of regularity, or expected regularity from definite sources, E.D. Sassoon and Co. Ltd. v. Commissioner of Income Tax, AIR 1954 SC 470: (1955) 1 SCR 313.The expression 'income' in entry 54 of List I of the Seventh Schedule to the Government of India Act, 1935, and the corresponding entry 82 of List 1 of the Seventh Schedule to the Const...
Income or net income
Income or net income, Income is money or other benefit periodically received. It is profit or revenue and not capital. It is gain derived from capital or labour or both. Net income is income obtained after deducting all expenses incurred for the purpose of earning the income. It is income minus operating expenses, D.C.M. v. S. Paramjit Singh, AIR 1990 SC 2286 (2288). [J&K Houses and Shops Rent Control Act, 1966, s. 1(3)(iii)]...
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