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

• 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.

• For purposes of this Paragraph 2.(b), whether any amount would constitute an Excess Parachute Payment and any other calculations of tax, e.g., Excise Tax, HI Tax, Income Tax, etc., or other amounts, e.g., Base Amount, Capped Amount, etc., shall be determined by the tax department of the independent public accounting firm then responsible for preparing Southern's consolidated federal income tax return, and such calculations or determinations shall be binding upon the parties hereto.

• 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.

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

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 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.

Tax Income shall otherwise be defined as follows:

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, for any Subject Year, the actual income (or loss) of the Company and its consolidated subsidiaries determined in accordance with generally accepted accounting principles from time to time in effect (“GAAP”) before provisions for income taxes and Employee’s Bonus pursuant to this Section 3.2, and adjusted to exclude income (or loss) not reflected in the Budgeted Pre-tax Income that is directly attributable to (x) the sale or distribution of assets not in the Company’s ordinary course of business, (y) transactions accounted for as extraordinary events in accordance with GAAP and (z) acquisitions by the Company of businesses (by merger, consolidation, acquisition of stock or assets or otherwise), including without limitation, acquisition costs and operations of the acquired businesses, that closed during such Subject Year but were not accounted for or otherwise reflected in the Budgeted Pre-tax Income for such Subject Year. In addition, Adjusted Pre-tax Income may be adjusted in the sole discretion of the Compensation Committee of the Board of Directors in accordance with Section 3.2.6 below to exclude non-recurring income and expenses as it believes are warranted under the circumstances, as determined on a case-by-case basis.