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What (who) is TAXABILITY - definition
Taxability
WIKIMEDIA DISAMBIGUATION PAGE
Taxability (disambiguation)
·noun The quality or state of being taxable; taxableness.
Taxable
·adj That may be legally charged by a court against the plaintiff of defendant in a suit; as, taxable costs.
II. Taxable ·adj Capable of being taxed; liable by law to the assessment of taxes; as, taxable estate; taxable commodities.
taxable
Taxable income is income on which you have to pay tax.
ADJ: usu ADJ n
Wikipedia
Taxability
Taxability may refer to the eligibility of a person or entity for taxation:
Examples of use of TAXABILITY
1. The government felt there is a need to introduce specific provisions regarding non–taxability of capital gains in the hands of shareholders.
2. The nature of the legal issue involved in the batch of cases which Nalini handled, was about interpretation of allowing expenditure for replacement of old machines at Spinning Mills with new machines and the quantum of taxability over the new machines.