Fiscal Year - Law Dictionary Search Results
Home Dictionary Name: fiscal yearfiscal year
fiscal year : an accounting period of 12 months ...
taxable year
taxable year : a period of time used as the basis of tax computation that is usually the annual accounting period of a calendar year or fiscal year called also tax year ...
Fiscal deficit
Fiscal deficit, means the excess of total disbursement from the consolidated fund of the State (excluding repayment of debt) over the sum of revenue receipts, recovery of loans and non-debt capital receipts into the fund during a financial year, Rajasthan Agricultural Produce Markets Act, 2005, s. 2(f).Means the excess of total disbursements, from the Consolidated Fund of India, excluding repayment of debt, over total receipt into the fund (excluding the debt receipts), during a financial year, Fiscal Responsibility and Budget Management Act, 2003, s. 23(a).Means excess of total expenditure of State Govern-ment over the total non-debt receipt and thus represents those borrowing requirement, net of repayment during the year which needs to be serviced by way of internet and principal repayment, Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005, s. 2(c).Means the excess of total disbursements from the consolidated fund of the State (excluding repayment of debt) over tot...
Financial year
Financial year. By s. 22 of the (English) Interpretation Act, 1889 (52 & 53 Vict. c. 63):-In this Act and in every Act passed after the commencement of this Act [Jan. 1, 1890] the expression 'financial year' shall, unless the contrary intention appears, means as respects any matters relating to the Consolidated Fund, or moneys provided by Parliament, or to the Exchequer, or to Imperial taxes or finance, the 12 months ending the 31st day of March.Financial year shall means the year commencing on the first day of April. [General Clauses Act, 1897 (10 of 1897), s. 3(21)]Means the year ending on the 31st day of March, Bengal Engineering and Science University Shibpur Act, 2004, s. 2(5).Means the year beginning on the 1st April and ending on the 31st March of the next following year, Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005, s. 2(b).Means the year beginning on the Ist April and ending on the 31st March next following, Rajasthan Fiscal Responsibilities and Budget ...
retrogression
retrogression Sometimes a case that is current one month will not be current the next month. This occurs when the annual numerical limit has been reached. This usually happens near the end of a fiscal year (October 1 to September 30 of the next year). When the new fiscal year begins, the Visa Office gets a new supply of visa numbers and usually brings back the cut-off dates to where they were before retrogression. Source: Department of State. March 2007. ...
per-country-limit
per-country-limit The maximum number of family-sponsored and employment-based preference visas that can be issued to citizens of any country in a fiscal year. The limits are calculated each fiscal year depending on the total number of family-sponsored and employment-based visas available. Source: U.S. Citizenship and Immigration Services ...
Fiscal indicators
Fiscal indicators, means such indicators as may be prescribed in either absolutes (in Rupees Crore) or as proportions to the Gross State Domestic Product or other magnitudes for the fiscal indicators, Rajasthan Agricultural Produce Markets Act, 2005, s. 2(g).Means such indicators as may be prescribed for evaluation of the fiscal position of the State Government, Rajasthan Fiscal Responsibility and Budget Management Act, 2005, s. 2(g).Means the measures such as numerical ceilings and proportions to gross state domestic product, as may be prescribed, for evaluation of the fiscal position of the State Government, Gujarat Fiscal Responsibility and Budgetary Management Act, 2005, s. 2(d).Means the measures such as numerical ceilings, as may be prescribed, for evaluation of the fiscal position of the State Government, Maharashtra Fiscal Responsibility and Budgetary Management Act, 2005, s. 2(d).Means the measures such as numerical ceilings and proportion to gross domestic product, as may be ...
Ensuing year
Ensuing year, means the financial year for which the budget is being presented, the Rajasthan Agricultural Produce Markets Act, 2005, s. 2(d).Means the financial year for which the budget is be-ing presented, the Rajasthan Fiscal Responsibilities and Budget Management Act, 2005, s. 2(d)....
Fiscal targets
Fiscal targets, means the numerical ceilings pre-scribed in either absolutes (in Rupees Crore) or as proportions to the Gross State Domestic Product or other magnitudes for the fiscal indicators, Rajasthan Fiscal Responsibility and Budget Management Act, 2005, s. 2(h)....
Fiscal Statutes
Fiscal Statutes, in construing fiscal statutes and in determining the liability of a subject to tax one must have regard to the strict letter of the law and not merely to the spirit of the statute or the, substance of the law. If the Revenue satisfies the Court that the case falls strictly within the provisions of the law, the subject can be taxed. If, on the other hand, the case is not covered within the four corners of the provisions of the taxing statute, no tax can be imposed by inference or by analogy or by trying to probe into the intentions of the legislature and by considering what was the substance of the matter, A.V. Farnandez v. State of Kerala, AIR 1957 SC 657 (661): 1957 SCR 837....
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