45 Ind. Admin. Code 3.1-1-34
Current through December 4, 2024
Authority: IC 6-8.1-3-3
Affected: IC 6-3-1-23; IC 6-3-1-24; IC 6-3-2-2
Sec. 34.
"Sales" Defined. The term "sales" as used in the Act includes all gross receipts which are not subject to allocation under IC 6-3-2-2(g) -(k), and which are not the compensation of an employee for personal services [See IC 6-3-1-23 ]. Thus any business income of a corporate taxpayer is considered to be from "sales" under this definition, regardless of its actual source.
45 IAC 3.1-1-34