basis period

The period, usually a year, during which profits earned or income generated form the basis of assessment for the tax year.

Accounting dictionary. 2014.

Look at other dictionaries:

  • basis — ba·sis / bā səs/ n pl ba·ses / ˌsēz/ 1: something (as a principle or reason) on which something else is established the court could not imagine any conceivable basis for the statute see also rational basis 2: a basic principle o …   Law dictionary

  • Period (gene) — period serina Identifiers Organism D. melanogaster Symbol per Entrez …   Wikipedia

  • Period mapping — In mathematics, in the field of algebraic geometry, the period mapping associates to a family of algebraic manifolds a family of Hodge structures. The family of Hodge structures is given concretely by matrices of integrals. To illustrate these… …   Wikipedia

  • basis — The difference between the current cash price and the futures price of the same commodity. Unless otherwise specified, the price of the nearby futures contract month is generally used to calculate the basis. Chicago Board of Trade glossary The… …   Financial and business terms

  • basis of assessment — The basis upon which personal income or business profits are assessed in the UK for each fiscal year. The individual rules for each income tax schedule identify the profits or income to be assessed in that year. These rules are complex and the… …   Accounting dictionary

  • basis of assessment — The basis upon which personal income or business profits are assessed in the UK for each fiscal year The individual rules for each income tax schedule identify the profits or income to be assessed in that year. These rules are complex and the… …   Big dictionary of business and management

  • basis — / beɪsɪs/ noun 1. a point or number from which calculations are made ● We forecast the turnover on the basis of a 6% price increase. 2. the general terms of agreement or general principles on which something is decided or done ● This document… …   Dictionary of banking and finance

  • basis — / beɪsɪs/ noun 1. a point or number from which calculations are made ● We forecast the turnover on the basis of a 6% price increase. 2. the general terms of agreement or general principles on which something is decided ♦ on a short term or long… …   Marketing dictionary in english

  • period costs — Items of expenditure that tend to be incurred on a time basis, such as rent, insurance, and business rates. Because they are not related to a particular activity, they are usually treated as fixed costs …   Accounting dictionary

  • Nanboku-chō period — For other uses of Northern and Southern Courts period , see Northern and Southern Courts period (disambiguation). History of Japan Mount Yoshino Paleolithic 35,000–14,000 BC Jōmon period 14,000–300 BC Yayoi …   Wikipedia

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