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It - Law Dictionary Search Results

Super-tax

Super-tax. This term was first employed in the (English) Income Tax Act, 1918 (8 & 9 Geo. 5, c. 40),...

Tax, interest and penalty

Tax, interest and penalty, tax, interest and penalty are three different concepts. Tax becomes payable by an assessee by virtue...

His income

His income, The words 'his income' in s. 139, sub-s. (1) of the Income Tax Act, 1961 must include every...

Net wealth tax

Net wealth tax, readings on Taxation in Developing, Countries by Fird and Oldman elucidates the concept of Wealth Tax as...

So long as that tax continues to be levied in that State

So long as that tax continues to be levied in that State, the plain and simple meaning which must be...

Such doubly taxed income

Such doubly taxed income, the word 'such doubly taxed income' has reference to the foreign income which is again being...

Income in respect of a decedent

Income in respect of a decedent, means income earned by a person, but not collected before death. This income is...

Tax payable

Tax payable, means tax payable under this Act on sales or purchase effected by a dealer or casual dealer but...

Income or net income

Income or net income, Income is money or other benefit periodically received. It is profit or revenue and not capital....

Known sources of income

Known sources of income, the expression 'known sources of income' must have reference to sources known to the prosecution on...

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