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  • 2.5 Tax On Income - Computation of Taxable Income

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    This document defines taxable income as gross income specified in the tax code, less any deductions authorized by the tax code or other laws. It is the title and chapter heading for a section of a tax law that computes taxable income by taking gross income and subtracting authorized deductions.

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    2.5 Tax on Income - Computation of Taxable Income

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    This document defines taxable income as gross income specified in the tax code, less any deductions authorized by the tax code or other laws. It is the title and chapter heading for a section of a tax law that computes taxable income by taking gross income and subtracting authorized deductions.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    6 views2 pages

    2.5 Tax On Income - Computation of Taxable Income

    Uploaded by

    felixacct
    This document defines taxable income as gross income specified in the tax code, less any deductions authorized by the tax code or other laws. It is the title and chapter heading for a section of a tax law that computes taxable income by taking gross income and subtracting authorized deductions.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    TITLE II

    TAX ON INCOME

    CHAPTER V
    COMPUTATION OF
    TAXABLE INCOME
    TITLE II - TAX ON INCOME | CHAPTER V - COMPUTATION OF TAXABLE INCOME
    SEC. 31. Taxable Income Defined.
    The term ‘taxable income’ means the pertinent items of gross income specified in this Code, less the deductions, if any,
    authorized for such types of income by this Code or other special laws.

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