Permissible Deductions definition

Permissible Deductions means the aggregate of the following charges (to the extent that they are not deducted by any purchaser in computing payment) that are paid in each quarterly period:

Permissible Deductions means [***]

Permissible Deductions means the aggregate of the following costs and charges, without duplication and to the extent not previously deducted or accrued in computing Gross Sales Proceeds, that accrue or are paid in each quarterly period:

Examples of Permissible Deductions in a sentence

• We may deduct the Permissible Deductions from the Aggregate Payment Amount.

• The Parties agree that the ‘ Net Settlement Amount’ shall therefore be an amount equal to the Aggregate Payment Amount after any Permissible Deductions.

• Module III 12hrsProfits & Gains from Business and Profession: Meaning, Business, Profession, Vocation, Speculative Business, Permissible Deductions u/s 30 to 37 (other than detailed discussion on Depreciation), Payments not Deductible, Deemed Income; Problems on Computation of Business / Professional Income.

• Unit-IIIncome Business/Profession:15 hoursTheoryIncome from Business/Profession : Features of Business / Profession, Permissible Deductions of Business/Profession Expenses, Specific Provisions for determination of taxable income from business of Individual, Partnership firm andCompany.

• UNIT-II: ASSESSMENT OF INDIVIDUALS:Clubbing of Income - Set off and carry forward of losses- Permissible Deductions from Gross Total Income- Computation of Total Income and Tax Liability (Students should be given computed income under five heads for calculation of tax liability) (Theory and Problems).

More Definitions of Permissible Deductions

Permissible Deductions means the aggregate of the following charges (without duplication) that are paid or accrued with respect to the Mineral Products in each quarterly period:

Permissible Deductions means the aggregate (to the extend not previously deducted or accrued) that is paid or accrued in each monthly period relating to the Mineral Production as follows:

Permissible Deductions means any deduction in connection with the administration of a portfolio referred to in section 93 of the Act;

Permissible Deductions has the meaning set out in section 3(b).

Permissible Deductions means, and shall be limited to, any (a) trade, quantity and cash discounts on Licensed Products actually provided to third parties in connection with arms length transactions, (b) credits, allowances or refunds, not to exceed the original invoice amount, for actual claims, damaged goods, rejections or returns of Licensed Products, and (c) excise, sale, use, value added or other taxes, other than income taxes, paid by Licensee due to the Sale of Licensed Products.

Permissible Deductions means, and shall be limited to, any (a) trade, quantity and cash discounts on Licensed Products actually provided to Third Parties in connection with arm’s-length transactions, (b) credits, allowances or refunds, not to exceed the original invoice amount, for actual claims, damaged goods, rejections or returns of Licensed Products, (c) excise, sale, use, or custom duties, value added or other taxes, other than income taxes, paid by Licensee, its Affiliates or Sublicensees due to the Sale of Licensed Products, (d) government mandated rebates, including but not limited to Medicaid rebates paid by Licensee, its Affiliates or Sublicensees to Medicaid authorities, and (e) a lump sum deduction not to exceed one and a half percent (1.5%) of Net Sales in lieu of any other deductions from gross Sales receipts that are not accounted for in clauses (a) through (d) of this paragraph.

Permissible Deductions means, and shall be limited to, [***].