Nets - Law Dictionary Search Results
Nets
Matched in: Term Nets
net
net [Anglo-French, clean, pure, from Latin nitidus bright, neat, from nitēre to shine] : remaining after deduction of all charges, outlay, or loss [the proceeds] compare gross
netted
resembing a net or a web
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Net
A fabric of twine thread or the like wrought or woven into meshes and used for catching fish birds butterflies etc
Net wealth tax
Net wealth tax, readings on Taxation in Developing, Countries by Fird and Oldman elucidates the concept of Wealth Tax as follows, at page 281: 'The term 'net wealth tax' is therefore deemed to be imposed on...
Net wealth
Net wealth, 'net wealth' means the amount by which the aggregate value computed in accordance with the provisions of this Act of all the assets wherever located, belonging to the assessee on the valuation date, including...
Net annual income
Net annual income, 'net annual income', in relation to a wakf, means net annual income determined in accordance with the provisions of the Explanations to sub-s. (1) of s. 72. [Wakf Act, 1995 (43 of 1995)...
Net profits
Net profits, clear profits after all deductions, see Watson v. Haggitt, 1928 AC 127. [s. 42, Indian Trusts Act] Net profits, the 'net profits' means the divisible profits and are to be ascertained after deduction of...
net profit after taxes
net profit after taxes A company's net profit before taxes, minus federal, state or local income or franchise taxes
Net-worth
Net-worth, means the sum total of the paid-up capital and free reserves. [Sick Industrial Companies (Special Provisions) Act, 1985 (1 of 1986), s. 3 (1) (ga)] The concept of 'Net Worth' always denotes the excess of...
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