45 IAC 3.1-1-34
45 IAC 3.1-1-34 Definition of sales
Cite as Ind. Admin. Code tit. 45, r. 3.1-1-34
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.