Taxable Income definition

Taxable Income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

Taxable Income means the adjusted gross income of a taxpayer less the deductions and exemptions provided for in this chapter.

Taxable Income or "Tax Loss" shall mean the taxable income or tax loss of the Trust, determined in accordance with Section 703(a) of the Code, for each Fiscal Year as determined for federal income tax purposes, together with each of the Trust's items of income, gain, loss or deduction which is separately stated or otherwise not included in computing taxable income and tax loss.

Examples of Taxable Income in a sentence

• Taxable income differs from profit before tax as reported in the consolidated statement of profit or loss, because of: items of income or expense that are taxable or deductible in other periods, special taxable deductions, tax losses and income and line items measured that, according to applicable tax laws in each jurisdiction, are considered nontaxable or nondeductible.

• Taxable income may exceed cash payments when, for example, the Issuer uses earnings to repay principal on the Notes or accrues income on the Collateral Obligations prior to the receipt of cash or the Issuer discharges its debt at a discount.

• Reserved](b) Taxable income attributable to the operation of an agreement vessel—(1) In general.

• Taxable income must be computed and a return must be made for a period known as the taxable year.

• A Unitholder may receive an entitlement to the income of the Fund for a financial year if the Unitholder holds Units at the end of a distribution period, or if the Unitholder redeems any Unit during the financial year.7.1.3 Taxable income of the FundThe tax impact for a Unitholder of receiving an entitlement to the income of the Fund depends upon the nature of the Fund’s income.

More Definitions of Taxable Income

Taxable Income means the adjusted gross income of a taxpayer less the deductions and

Taxable Income or “Taxable Loss” means, respectively, in respect of any Fiscal Year, the amount of income or loss for tax purposes of the Partnership for such period determined in accordance with the Guarantor Agreement and the provisions of the Income Tax Act;

Taxable Income means, in the case of an individual, federal

Taxable Income means, for any period, the taxable income or loss of Icahn Enterprises for such period for federal income tax purposes.

Taxable Income means wages, salaries and other compensation paid by an employer or employers before any deductions and/or the net profits from the operation of a business, profession or other enterprise or activity adjusted in accordance with the provisions of this chapter.

Taxable Income means any "taxable income" as defined in section 1 of the Income Tax Act;

Taxable Income and “Taxable Loss” means, in respect of any Fiscal Year, the income or loss of the Partnership for such period, including any taxable capital gain or allowable capital loss, determined in accordance with the Tax Act.