Sentences with phrase «deduction under subsection»

-- The deduction under subsection (a) shall only be allowed for purposes of this chapter.

«(B) the unrelated business taxable income of such organization shall be the sum of the unrelated business taxable income so computed with respect to each such trade or business, less a specific deduction under subsection (b)(12), and

C = The taxable component of the lump sum calculated under sections 307 - 120 and 307 - 125 of the ITAA 1997, as if no deduction under subsection 295 - 485 (2) of the ITAA 1997 were allowed, after excluding the actual (if any) insured amount for which deductions have been claimed under sections 295 - 465 or 295 - 470 of the ITAA 1997.

Not exact matches

A taxpayer that deducts the standard deduction amount under this subsection and is entitled to an additional deduction amount under section 63 (f) of the Code for the aged or blind may deduct an additional amount under this subsection.

(b) the weekly amount of the benefit is the weekly amount of the income replacement benefit otherwise determined under section 7 before any deductions permitted by subsection 7 (3), multiplied by the factor set out in Column 2 of the Table to this subsection opposite the number of weeks that have elapsed since the person became entitled to receive the benefit.

(2) No deduction may be made under clause 7 (3)(a) or (b) from an income replacement benefit determined under subsection (1).

(b) the reference in clause 9 (1)(b) to «the weekly amount of the income replacement benefit otherwise determined under section 7 before any deductions permitted by subsection 7 (3)» is to be read as a reference to the amount referred to in subsection (2).

(2) Despite section 6, an income replacement benefit that has been adjusted under subsection (1) is payable, without any deductions under clause 7 (3)(a) or (b), until the person dies.

(6) For the purpose of subsection (5), losses from self - employment shall be determined in the same manner as losses from the business in which the person was self - employed would be determined under subsection 9 (2) of the Income Tax Act (Canada) and the Income Tax Act (Ontario), without making any deductions for,

Rs. 150,000 is the maximum deduction that can be claimed under Section 80C and all its subsections combined.