Tax Credit - Law Dictionary Search Results
Home Dictionary Name: tax credit Page: 2 Page 2 of about 56 results (0.003 seconds)public record information
public record information Court records of events that are a matter of public interest such as credit, bankruptcy, foreclosure and tax liens. The presence of public record information on a credit report is regarded negatively by creditors. Source: U.S. Department of Housing and Urban Development ...
unified transfer tax
unified transfer tax : a tax imposed under the Internal Revenue Code on the cumulative total of gifts made over a certain amount by a person during his or her lifetime or after death called also unified estate and gift tax see also unified credit NOTE: The unified transfer tax system creates liability for a single tax rather than separate liability for a gift tax and an estate tax. ...
risk scoring
risk scoring an automated way to analyze a credit report verses a manual review. It takes into account late payments, outstanding debt, credit experience, and number of inquiries in an unbiased manner. Source: U.S. Department of Housing and Urban Development ...
Net Tax
Net Tax, in relation to any period, means - (a) in case of a registered dealer, the amount of output tax in excess of the input tax credit claimed by such registered dealer in accordance with the provisions of the Act and the rules made thereunder, (b) in case of any dealer other than a registered dealer, the amount of output tax. [West Bengal Value added Tax Act, 2003, s. 2(23)]...
exemption
exemption 1 : the act of exempting or state of being exempt 2 : one that exempts or is exempted: as a : an amount of income exempted from taxation that may be deducted from adjusted gross income under the tax laws see also Internal Revenue Code in the Important Laws section compare deduction, exclusion, tax credit de·pen·den·cy exemption [də-pen-dən-sē-] : an exemption that is allowed for each dependent who qualifies under the tax laws (as sections 151 and 152 of the Internal Revenue Code) NOTE: Under the federal income tax laws, the dependency exemption is allowed for each dependent whose gross income is less than the exemption or who is a child of the taxpayer and is under 19 or a student under 24. per·son·al exemption : an exemption that is allowed for the taxpayer or for the taxpayer and spouse if filing a joint return b : the right created by federal and state laws to exempt specified types of property from a bankruptcy estate [pre...
recapture
recapture -tured -tur·ing 1 : to capture again 2 : to recover or take (as an excess or gain) by law or agreement ;esp : to recover (a tax benefit) by higher or additional taxation of income or property that ceases to qualify for a credit or deduction or by taxing gain realized from the sale or exchange of such property [the government recaptured the depreciation by taxing the gain resulting from the difference between the sale price and the basis after depreciation] n 1 : the act or process of recapturing 2 : an amount recaptured or subject to recapture ...
Input service distributor
Input service distributor, shall have the same meaning assigned to it in clause (m) of Rule 2 of the CENVAT Credit Rules, 2004. [Service Tax (Registration of Special Category of Persons) Rules, 2005, R. 2(c)]...
Cyber cash
Cyber cash, operates on a different footing from fires virtual. It simply ensures encrypted passage over the internet for the credit card data. It requires a special program (Cyber cash) wallet software programme. The programme handles passing payment information, encrypted between the buyer and the merchant....
qualify
qualify -fied -fy·ing vt 1 : to limit or modify in some way 2 : to make or consider eligible or fit [his training and experience qualified him as an expert witness] 3 : to issue a certificate or license to vi 1 : to meet certain requirements or criteria [ for a tax credit] 2 : to acquire competent power or capacity [has just qualified as a lawyer] ...
Food and sale
Food and sale, 'Food' is defined by S. 2(v) of the Prevention of Food Adulteration Act, 1954 as meaning 'any article used as food or drink for human consumption other than drugs and water and includes:(a) any article which ordinarily enters into, or is used in the composition or preparation of human food, and(b) any flavouring matter or condiments. 'Sale' is defined by S. 2(xiii) as follows: 'Sale' with its grammatical variations and cognate expressions, means the sale of any article of food, whether for cash or on credit or by way of exchange and whether by wholesale or retail, for human consumption or use, or for analysis, and includes an agreement for sale, an offer for sale, the exposing for sale or having in possession for sale of any such article, and includes also an attempt to sell any such article; According to the definition of 'food' any used as food or drink for human consumption and any article which ordinarily enters into or is used in the composition or preparation of hu...
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