exemption of income

См. также в других словарях:

• exemption from income tax — A fixed amount allowed by statute to the taxpayer for himself, spouse, and dependents against net income in determining taxable income; income of a certain nature, such as interest on certain bonds, rendered not subject to income tax by statute… …   Ballentine's law dictionary

• income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… …   Universalium

• exemption — ex·emp·tion /ig zemp shən/ n 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… …   Law dictionary

• Exemption — • The whole or partial release of an ecclesiastical person, corporation, or institution from the authority of the ecclesiastical superior next higher in rank, and the placing of the person or body thus released under the control of the authority… …   Catholic encyclopedia

• Income taxes in Canada — constitute the majority of the annual revenues of the Government of Canada, and of the governments of the Provinces of Canada. In the last fiscal year, the government collected roughly three times more personal income taxes than it did corporate… …   Wikipedia

• exemption — [eg zemp′shən, igzemp′shən] n. [ME exempcioun < OFr exemption < L exemptio] 1. an exempting or being exempted; freedom or release from a liability, obligation, etc.; immunity 2. a) the exempting from an individual s taxable income of a… …   English World dictionary

• Income tax in India — The Indian Income Tax department is governed by the Central Board for Direct Taxes (CBDT) and is part of the Department of Revenue under the Ministry of Finance.The government of India imposes an income tax on taxable income of individuals, Hindu …   Wikipedia

• exemption — Freedom from a general duty or service; immunity from a general burden, tax, or charge. Immunity from service of process or from certain legal obligations, as jury duty, military service, or the payment of taxes. See also immunity A privilege… …   Black's law dictionary

• exemption — Freedom from a general duty or service; immunity from a general burden, tax, or charge. Immunity from service of process or from certain legal obligations, as jury duty, military service, or the payment of taxes. See also immunity A privilege… …   Black's law dictionary

• exemption — A privilege, sometimes referred to as a right, granted to a debtor by the grace and favor of the state on the grounds of public policy for a humane and generous purpose, which permits him to retain a portion of his property or earnings free from… …   Ballentine's law dictionary

• exemption — Direct reductions from gross income allowed by the IRS. Bloomberg Financial Dictionary * * * exemption UK US /ɪgˈzempʃən/ noun ► [C or U] special permission not to do or pay something: exemption from sth »Formula One was granted an exemption from …   Financial and business terms