Standard Deduction - Law Dictionary Search Results
Home Dictionary Name: standard deductionstandard deduction
standard deduction see deduction ...
deduction
deduction 1 : an amount allowed by tax laws to be subtracted from income in order to decrease the amount of income tax due see also Internal Revenue Code in the Important Laws section compare credit, exclusion, exemption busi·ness deduction : a deduction usually taken from gross income that is allowed for losses or expenses attributable to business activities or to activities engaged in for profit charitable deduction : a deduction allowed for a contribution to a charity usually that is qualified under the tax law (as sections 170 and 2055 of the Internal Revenue Code) de·pen·den·cy deduction : a deduction allowed to be taken in a set amount for a qualified dependent (as under sections 151 and 152 of the Internal Revenue Code) itemized deduction : a deduction for a specifically recorded item that is allowed to be taken from adjusted gross income if the total of such deductions exceeds the standard deduction marital deduction 1 : a deduction allowed under th...
zero bracket amount
zero bracket amount : a deduction from gross income that was permitted for federal taxpayers and reflected in tax tables until its replacement by the standard deduction in 1986 ...
Indian standard
Indian standard, means the standard (including any tentative or provisional standard) established and published by the Bureau, in relation to any article or process indicative of the quality and specifica-tion of such article or process and includes--(i) any standard recognised by the Bureau under clause (b) of s. 10; and(ii) any standard established and published, or re-cognised, by the Indian Standards Institution and which is in force immediately before the date of establishment of the Bureau. [Bureau of Indian Standards Act, 1986 (63 of 1986), s. 2 (g)]...
Standard gold bar
Standard gold bar, the definition of the term 'standard gold bar' under s. 2(u) does not contemplate the standard gold bar being cut into pieces. A standard gold bar being of a prescribed weight and purity cannot in many cases be handed over to a certified goldsmith without cutting the same. If a dealer, therefore, has to give a cut piece of standard gold bar to a certain goldsmith the remaining portion of the standard gold bar will be treated as primary gold in his hands, Hukumchand Ratanchand Banthia v. Union of India, AIR 1970 SC 1453 (1466): (1969) 2 SCC 166. [Gold Control Act, 1968, s. 3(u)]...
standard of proof
standard of proof :the level of certainty and the degree of evidence necessary to establish proof in a criminal or civil proceeding [the standard of proof to convict is proof beyond a reasonable doubt] see also clear and convincing, preponderance of the evidence compare burden of proof clear and convincing evidence at evidence, reasonable doubt NOTE: Preponderance of the evidence is the least demanding standard of proof and is used for most civil actions and some criminal defenses (as insanity). Clear and convincing proof is a more demanding standard of proof and is used in certain civil actions (as a civil fraud suit). Proof beyond a reasonable doubt is the most demanding standard and the one that must be met for a criminal conviction. ...
Standard mark
Standard mark, means the Bureau of Indian Stand-ards Certification Mark Specified by the Bureau to represent a particular Indian standard and also includes any Indian Standards Institution Certifica-tion Mark specified by the Indian Standards Institution. [Bureau of Indian Standards Act, 1986 (63 of 1986), s. 2(t)]...
Working standard
Working standard, means the set of standard weight or measure which is made or manufactured by or on behalf of Government for the verification ofany standard weight or measure, other than a national prototype or national reference or secondary standard. [Standards of Weights and Measures Act, 1976 (60 of 1976), s. 2(ze)]...
business deduction
business deduction see deduction ...
charitable deduction
charitable deduction see deduction ...
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