Income Tax definition

Income Tax means any federal, state, local, or foreign income tax, including any interest, penalty, or addition thereto, whether disputed or not.
Income Tax means any federal, state, local or foreign Tax (a) based upon, measured by or calculated with respect to net income, profits or receipts (including, without limitation, capital gains Taxes and minimum Taxes) or (b) based upon, measured by or calculated with respect to multiple bases (including, without limitation, corporate franchise taxes) if one or more of the bases on which such Tax may be based, measured by or calculated with respect to, is described in clause (a), in each case together with any interest, penalties, or additions to such Tax.
Income Tax means any income, franchise or similar Taxes imposed on (or measured by) net income or net profits.

Examples of Income Tax in a sentence

  • The Employee further agrees that the Employee will be responsible for complying with the applicable provisions of the Income Tax Act, 1961 and any succeeding or replacement legislation.

  • Pursuant to deduction of tax at source and payment of the same to the Government, the Allottee/s shall submit the original TDS certificate within the prescribed timelines mentioned in the Income Tax Act, 1961.

  • The Company confirms that it will secure the SRA through a Retirement Compensation Arrangement (RCA), as defined under the Income Tax Act (ITA).

  • Xxxxx Xxxxxx, Aadhar No. 000000000000, D/o Xxxxxxxx Xxxxx, aged about 31 years, residing at X/X Xxxxxxxx Xxxxx, 137/233, Xxxxxxxxxx Xxxx, Marwari Bazar, Samstipur, Bihar, 848101, having Income Tax P.

  • Such room shall be treated as a taxable benefit in accordance with the Income Tax Act, Canada Revenue Agency guidelines, and the University's usual processes.


More Definitions of Income Tax

Income Tax means any Tax imposed on or determined in whole or in part with reference to income, gross receipts, profits or similar measure, including any interest, penalty or other addition with respect thereto.
Income Tax means any federal, state, local, or non-U.S. income Tax.
Income Tax means any and all Taxes based upon or measured by net income (regardless of whether denominated as an “income tax,” a “franchise tax” or otherwise).
Income Tax means a tax imposed on or measured by net income including any tax imposed on or measured by an amount arrived at by deducting expenses from gross income, one or more forms of which expenses are not specifically and directly related to particular transactions.
Income Tax means a tax on or measured by the net income of a corporation, partnership, joint venture, trust, limited liability company, limited liability partnership, association or other organization or entity (including taxes on capital or net worth that are imposed as an alternative to a tax based on net or gross income), or taxes which are of the nature of excess profits tax, gross receipts tax, minimum tax on tax preferences, alternative minimum tax, accumulated earnings tax, personal holding company tax, capital gains tax or franchise tax for the privilege of doing business.
Income Tax means any federal, state, local, or foreign income tax measured by or imposed on net income, including any interest, penalty, or addition thereto, whether disputed or not.