Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

Adjusted basis

basis increased by capital improvements and decreased by depreciation deductions. "[i]t is well to consider the word 'adjusted' in the term 'adjusted basis.' often, after property is acquired, certain adjustments (increases or decreases to the dollar amount of the original basis) must be made. After these adjustments, the property then has an 'adjusted basis."' michael d. Rose & john c. Chommie, federal income taxation § 6.04, at 300 (3d ed. 1988).

adjusted basis.

See BASIS.