law of deduction
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deduction — de·duc·tion n 1: an amount allowed by tax laws to be subtracted from income in order to decrease the amount of income tax due see also internal revenue code in the important laws section compare credit, ex … Law dictionary
deduction of tax at source — the process whereby the payer of, e.g. interest, deducts income tax at the basic rate from the payment and accounts for it to the Inland Revenue. It can be compared with the system of Pay As You Earn (PAY E), whereby employers are required to… … Law dictionary
deduction, itemized — n. Expenses individually listed and deducted from gross income. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 … Law dictionary
deduction, standard — n. A standard amount that a taxpayer may deduct from gross income instead of itemizing individual expenses. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 … Law dictionary
marital deduction — see deduction Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. marital deduction … Law dictionary
deduction — ► NOUN 1) the action of deducting. 2) an amount that is or may be deducted. 3) the inference of particular instances by reference to a general law or principle. Often contrasted with INDUCTION(Cf. ↑induction). DERIVATIVES deductive adjective… … English terms dictionary
tax deduction — n. An amount subtracted from a taxpayer’s taxable income. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. tax deduction S … Law dictionary
Deduction theorem — In mathematical logic, the deduction theorem is a metatheorem of first order logic.[1] It is a formalization of the common proof technique in which an implication A → B is proved by assuming A and then proving B from this assumption.… … Wikipedia
charitable deduction — see deduction Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. charitable deduction … Law dictionary
standard deduction — see deduction Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. standard deduction … Law dictionary
deduction — That which is deducted; the part taken away; abatement; as deductions from gross income in arriving at net income for tax purposes. In the civil law, a portion or thing which an heir has a right to take from the mass of the succession before any… … Black's law dictionary