Noun. 1. ethnic minority-a group that has different national or cultural traditions from the majority of the population. ethnic group, ethnos-people of the same race or nationality who share a distinctive culture.Arab-Berbers, Berbers-an ethnic minority descended from Berbers and Arabs and living in northern Africa.thnic group, ethnos-people of the same race or nationality who share a distinctive culture. Arab-Berbers, Berbers-an ethnic minority descended from Berbers and Arabs and living in northern Africa.
07, 2014 Page 46 of 53 www.revenue.state.pa.us 6. Section 108(b)(5) provides that a taxpayer having cancellation of indebtedness income resulting from tax attribute reduction under Section 108(b)(1) may elect under Section 1017, to reduce the depreciable basis of its assets before reducing other tax attributes.
As the total period of service is less than five years, withdrawal of accumulated PF balance shall be taxable in the financial year (FY) of withdrawal. Merely holding the PF balance for more than five years will not absolve the tax implications. The aggregate of employerâs contribution to PF and interest earned on it is taxable as salary. To the extent of the deduction claimed under section 80C on your contribution, it shall be taxed as salary. Also, the interest earned on your contribution shall be taxed as âincome from other sourcesâ.