Examples of Tax Profits in a sentence
The Company has recognised Deferred Taxes which result from the timing difference between the Book Profits and Tax Profits that originate in one period and are capable of reversal in one or more subsequent periods.
Net After Tax Profits is defined as Net Operating Income minus recorded Tax Provision for the period, excluding any extraordinary adjustments due to changes in accounting rules as provided by the Financial Accounting Standard Board or for recording of Net Operating Loss Carryforward or other tax assets or liabilities relating to prior year results or activities.
Deferred Tax resulting from timing difference between Book Profits and Tax Profits is accounted for at the applicable rate of tax to the extent the timing differences are expected to crystallize, in case of Deferred Tax Liabilities with reasonable certainty and in case of Deferred Tax Assets with virtual certainty that there would be adequate future taxable income against which Deferred Tax Assets can be realized.
Defered Tax resulting from timing difference between Book Profits and Tax Profits is accounted for, at prevailing or substantially enacted rate of tax to the extent timing differences are expected to crystalise, in case of Deferred Tax Liabilities with reasonable certainity and incase of Deferred Tax Assets with virtual certainity that there would be adequate future taxable income against which deferred tax assets can be realised.
The deferred tax for timing differences between the Book and Tax Profits for the year is accounted for using the tax rates and laws that have been substantively enacted as of the Balance Sheet date.
Deferred Tax for timing differences between Tax Profits and book Profits is accounted for using the tax rates and laws that have been enacted as on the balance that date.
Each Member's capital account shall thereafter be credited with the amount of the Member's additional cash contributions, if any, the agreed value of the Member's additional contributions of property, if any, and the Member's share of Tax Profits excluding Built-in Gains and Built-in Losses and shall be debited with the amount of cash withdrawals and distributions, the agreed value of property distributions and the Member's share of Tax Losses excluding Built-in Gains and Built-in Losses.
The Tax Profits and Tax Losses remaining after the allocations, if any, required by subparagraph (a) above, shall be allocated ratably to the holders of Member Units.
The term may also contribute to diminishing the gravity of the actual sexual abuse/exploitation of children or trivializing and even legitimizing it.
Deferred tax resulting from timing difference between Book Profits and Tax Profits is accounted for at applicable rate of tax to the extent the timing difference are expected to be crystallized.