Meaning of net income.
Section 28
SEC. 28. Meaning of net income.—"Net income" means the gross income computed under section twenty-nine, less the deductions allowed by section thirty.
Amending Certain Sections of the National… Section 28
Amending Certain Sections of the National… Section 28
Other provisions in CHAPTER IV.—Computation of Net Income
- Section 29: Gross income.
- Section 30: Deductions from gross income.
- Section 31: Items not deductible.
- Section 32
- Section 33: Losses from wash sales of stock or securities.
- Section 34: Capital gains and losses.
- Section 35: Determination of gain or loss from the sale or other disposition of property.
- Section 36: Inventories.
- Section 37: Income from sources within the Philippines.
CitationAmending Certain Sections of the National… Section 28 (LawPlayer, data as of July 4, 2026)
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
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