Income year definition

Income year means any year or accounting period beginning 1 July of one calendar year and ending 30 June of the following calendar year or any other period that the Trustees by resolution adopt;
Income year means any year or accounting period ending on the Balance Date;
Income year means, with respect to entities subject to the insurance premiums tax under chapter 207, the corporation business tax under this chapter or the utilities company tax under chapter 212, the income year as determined under each of said chapters, as the case may be;

Examples of Income year in a sentence

  • As such, there is somewhat of a distortion between the cash paid and the expenses shown in the Statement of Income year to date.

  • Income year means the calendar year starting 1st January and ending 31st December.

  • Subdivision (6) of subsection (a) of section 12-217gg of the general statutes is repealed and the following is substituted in lieu thereof (Effective October 1, 2014): (6) "Income year" [shall have] has the same meaning as provided in subdivision (5) of subsection (a) of section 12-213.

  • However, Section 50 of the act has the provision that a couple can choose to be treated as single individual for a particular Income year.

  • Income year means, for every person, the period from the start of July to the end of June when the assessed earns the income ITA, 2002 has regarded Nepalese fiscal year as an income year.


More Definitions of Income year

Income year means, in respect of the income of any person, the year in which that income has been derived by that person;
Income year means the period established by an applicant for federal income tax purposes.
Income year means (A) with respect to corporations subject to taxation under chapter 208, the income year as determined under said chapter, (B) with respect to insurance companies, hospital and medical services corporations subject to taxation under chapter 207, the income year as determined under said chapter, and (C) with respect to taxpayers subject to taxation under chapter 229, the taxable year determined under chapter 229;
Income year means the Business Firm's Income Year, as defined in C.G.S. Section 12-213(a)(5).
Income year means a period from the first day of Shrawan (15 July) of any year to the last day of Ashad (14 July) of the next year.
Income year means the income year as determined in chapter 207 for the taxpayer;
Income year means with respect to entities subject to taxation under chapters 207 to 212a, the income year as determined under each of said chapters, as the case may be.