Tax Income definition

Tax Income or “Tax Loss” of the Partnership for any Fiscal Year means the income or loss and any taxable capital gain or allowable capital loss of the Partnership, determined for that period in accordance with the provisions of the Income Tax Act;

Tax Income and "Tax Loss" means, respectively, with respect to the Partnership and in respect of any period, income or loss for such period determined in accordance with the provisions of the Tax Act;

Tax Income means Gross Revenues less the sum of Manager's Costs and the Cost of Medical Services after provision of related bonuses but before provision for income taxes.

Examples of Tax Income in a sentence

• GST/Sales Tax, Cess, Toll Tax, Income Tax, Ferry Charges and other Local Taxes if any are to be paid by the contractor.

• Cess, License fees, Royalty for construction materials, forest product etc, Toll Tax, Income Tax, Ferry Charges and other Statutory Government Taxes as applicable during project implementation are to be paid by the contractor/bidder.

• Deduction of sales Tax, Income Tax, and any other taxes are payable as per prevailing tax laws at the prescribed rate at the time of making payment to the contractor.

• Tendered rates/amount shall also be deemed to include the payment of all taxes like Registration fee, Trade Tax, Income Tax and other taxes/levies to be paid to the Govt of India/Royal Govt of Bhutan already in force and as may be modified from time to time.

• Income Tax Income tax expense represents the sum of the tax currently payable and deferred tax.

More Definitions of Tax Income

Tax Income means one-quarter of an Issuer's actual taxable income for the year prior to that with respect to which the calculations described above are being made; and

Tax Income means one-quarter of an Investee Company's actual taxable income for the year prior to that with respect to which the calculations described above are being made. For purposes hereof, any references herein to the taxable income or loss of a Pass-Through Entity that is disregarded as an entity separate from its owner for tax purposes shall mean the taxable income or loss of such Pass-Through Entity as if it was a pass-through corporation which was not disregarded as a separate entity for tax purposes; and

Tax Income or “Tax Loss” means, for each Fiscal Year, the net taxable income and net taxable loss of the Company for each Fiscal Year determined in accordance with federal income tax principles, including items required to be separately stated, taking into account income that is exempt from federal income taxation and items that are neither deductible nor capitalized.

Tax Income means the ‘net income’ of the Trust as defined in section 95 of the Tax Act; ‘Tax Invoice’ has the same meaning as in the GST Act;

Tax Income means earnings (loss) from continuing operations before income taxes, as reported in the Employer’s audited financial statements prepared in accordance with generally accepted accounting principles.

Tax Income shall otherwise be defined as follows:

Tax Income means the income of Company (before deducting federal, state and local income taxes) for the applicable calendar year, determined by the independent certified public accountants of the Company in accordance with generally accepted accounting principles consistently applied. To the extent any period during the term hereof is not a complete calendar year, such bonus shall be paid pro rata for the balance of the incomplete period.