Net Income - Law Dictionary Search Results
Home Dictionary Name: net income Page: 3 Page 3 of about 30 results (0.003 seconds)Commercial unit of agricultural land
Commercial unit of agricultural land, is a unit capable, when framed under competent manage-ment of producing a net annual income of an amount not less than the aggregate of the average annual earnings of two full-time male agricultural workers aged 20 or over, Halsbury's Laws of England, Vol. 1(2), para 367, p. 195....
Intestates Estates Act, 1890 (English)
Intestates Estates Act, 1890 (English) (53 & 54 Vict. c. 29), repealed and not re-enacted by the A.E. Act, 1925, in the case of persons dying intestate after 1925. See WIDOW. By the Act of 1890 the real and personal estate of every man dying wholly intestate after September 1, 1890, leaving a widow but no issue, is directed to belong to his widow if the net value should not exceed 500l., while if it should exceed 500l. the widow obtains 500l and a charge upon the whole of the estate for that term, in addition to her interest and share in the remainder of the estate, 'with interest thereon from the date of the death of the intestate, at 4 per cent. per annum until payment.' As to the meaning of 'intestate,' see Re Cuffe, (1908) 2 Ch 500.As to Scotland, see the Intestate Husband's Estate (Scotland) Act, 1911 (1 & 2 Geo. 5, c. 10), as amended by 9 & 10 Geo. 5, c. 9, which is framed on the lines of the English statute...
Offence of adultery
Offence of adultery, the 'offence of adultery' as defined in s. 497, IPC, can only be committed by a man, not by a woman. Indeed, the section provides expressly that the wife shall not be punishable even as an abettor. No grievance can then be made that the section does not allow the wife to prosecute the husband for adultery. The contemplation of the law, evidently, is that the wife, who is involved in an illicit relationship with another man, is a victim and not the author of the crime. The offence of adultery, as defined in s. 497, is considered by the Legislature as an offence against the sanctity of the matrimonial home, an act which is committed by a man, as it generally is. Therefore, those men who defile that sanctity are brought within the net of the law, Sowmithri Vishnu v. Union of India, AIR 1985 SC 1618: (1985) Supp SCC 137: (1985) Supp 1 SCR 741....
Maintainable profits
Maintainable profits, The 'maintainable profits' would be a certain percentage (say 80%) of the net profits of the company after deduction of taxes payable by it and this would be a measure of potential yield per share, Commissioner of Wealth Tax v. Mahadeo Jalan, AIR 1973 SC 1023: (1973) 3 SCC 157: (1973) 2 SCR 215....
earnings per share (eps)
earnings per share (eps) a corporation's profit that is divided among each share of common stock. It is determined by taking the net earnings divided by the number of outstanding common stocks held. This is a way that a company reports profitability. Source: U.S. Department of Housing and Urban Development ...
Carry over
Carry over, a term used in the Stock Exchange to denote the process of postponing the completion of a contract, either for the purchase or sale of stocks or shares, to a later date than that originally fixed. When this happens the buyer usually pays the seller interest on the capital involved, the seller retaining the stocks or shares till the transaction is ultimately completed. This interest is called a 'contango.' If, on the other hand, the buyer is anxious to pay for and take up to stocks or shares but the seller is unable to deliver, the buyer would not pay interest to the seller, but on the contrary exacts a payment from him, as consideration for postponing the completion of the contract. This payment is called a 'backwardation,' or shortly a 'back.'An income-tax deduction (esp. for a net operating loss) that cannot be taken entirely in a given period but may be taken in a later period (usu. the next five years), Black's Law Dictionary, 7th Edn....
Seine
A large net one edge of which is provided with sinkers and the other with floats It hangs vertically in the water and when its ends are brought together or drawn ashore incloses the fish...
Lobster pot
a device used to trap lobsters consisting of a semi cylindrical structure made of wooden slats with openings formed of funnel shaped nets allowing lobsters to enter but impeding their exit It is also called a lobster trap...
hairnet
a small net that some women wear over their hair to keep it in place...
Tea
Tea, means tea plant and includes tea leaves, Goodricke Group Ltd. v. State of West Bengal, 1995 Supp (1) SCC 707. [Tea Act, 1953, s. 3(n)]The Sale of Food (Weights and Measures) Act, 1926 (16 & 17 Geo. 5, c. 63), makes it an offence to sell tea otherwise than by net weight and in multiples of ounces and pounds. Tea was first taxed in 1660 (12 Car. 2, c. 23) as a beverage at 8d. a gallon, and afterwards in the leaf at 5s. per lb. in 1688 (1 W. & M. Sess. 2, c. 6...
- << Prev.
- Next >>