Dependency Deduction - Law Dictionary Search Results
dependency deduction
Matched in: Term dependency deduction
deduction
Matched in: Term deduction
Allowance
Allowance [fr. locare, Lat.; allocare, allogare, It.; alogar, Prov.; louer, allouer, Fr., to place or assign], a deduction, an average payment, a portion. Also in selling goods, or in paying duties upon them, certain deductions are … portion. Also in selling goods, or in paying duties upon them, certain deductions are made from their weights, depending on the nature of the packages in which they are inclosed, and which are regulated in most instances
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Trade allowance
Trade allowance, the question whether a particular payment 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
Rateable value of a building
building were let from year, less certain deductions. What is reasonable is a question of fact and it depends on the facts and circumstances of a given situation, Dr. Balbir Singh v. M.C.D., AIR 1985 SC 339: … might reasonably expect to get from a hypothetical tenant, if the building were let from year, less certain deductions. What is reasonable is a question of fact and it depends on the facts and circumstances of a
Contract
or in writing it is usually called an express contract; when the agreement is matter of inference and deduction, it is called n implied contract. (See IMPLIED CONTRACT.) Contract, which provides that the price includes the cost
Abstract of title
distinct titles to the several parts of the property after wards become united, then there should be a deduction of the title to each part separately up to the point of junction. Under the Law of Properties … out the material parts of all deeds, wills and other documents, and stating the facts on which it depends: fc. 1 Pres. 42, 207. The statutory period is thirty years, Law of Property Act, 1925, s. 44,
interest
benefit of property [a beneficial interest in the trust] contingent interest : a future interest whose vesting is dependent upon the occurrence or nonoccurrence of a future event compare vested interest in this entry controlling interest : … at such a rate [awarded the defendant legal interest] compare usury qualified residence interest : interest that is deductible from adjusted gross income under federal tax law when it is paid on debt that is secured by
exemption
(as sections 151 and 152 of the Internal Revenue Code) NOTE: Under the federal income tax laws, the dependency exemption is allowed for each dependent whose gross income is less than the exemption or who is a … adjusted gross income under the tax laws see also Internal Revenue Code in the Important Laws section compare deduction, exclusion, tax credit de·pen·den·cy exemption [də-pen-dən-sē-] : an exemption that is allowed for each dependent who qualifies under
disposable income
disposable income : income available for disposal: as a : the income remaining to an individual after deduction of taxes b : the income of a debtor in bankruptcy that is not necessary to support the … the income of a debtor in bankruptcy that is not necessary to support the debtor or the debtor's dependents
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