Income Meaning Black S Law
While profits generally means the gain which is made upon any business or investment when both receipts and payments are taken into account.
Income meaning black s law. The law dictionary features black s law dictionary the trusted legal dictionary of law definitions and terms for over 100 years. Stay current on legal news follow blackslawonline. 99 income means that which comes in or is received from any business or investment of capital without reference to the outgoing expenditures. The law dictionary featuring black s law dictionary free online legal dictionary 2nd ed.
Black money includes all funds earned through illegal activity and otherwise legal income that is not recorded for tax purposes. The return in money from one s business labor or capital invested. Definition of gross income. The 2nd edition has over 15k legal terms for your business and research use.
Production costs or cost of sales amount exceed by unadjusted total sales revenue. Gross income that standard deductions and allowances are taken from. Definition of taxable income. Gains profit or private revenue.