Indiana Administrative Code
Title 45 - DEPARTMENT OF STATE REVENUE
Article 2.2 - SALES AND USE TAX
Rule 6 - Returns, Remittances and Refunds
Section 6-10 - Income exclusion ratio defined
Universal Citation: 45 IN Admin Code 6-10
Current through September 18, 2024
Authority: IC 6-8.1-3-3
Affected: IC 6-2.5
Sec. 10.
The retail merchants' "income exclusion ratio" for a particular tax year equals a fraction as set forth:
| numerator = gross income from transactions under 10¢ |
| denominator = estimated total gross income for tax year from all retail transaction |
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