AIR 1977 SC 2279: (1977) 4 SCC 98: 1977 SCC (Tax) 536 Decided On: 31.08.1977 Bench: 7 Judge Bench consisting of the following Justices of the Supreme Court of India: Chief Justice M. Hameedullah Beg.‚ Justice N. L. Untwalia‚ Justice P. N. Bhagwati‚ Justice P. S. Kailasam‚ Justice S. Murtaza Fazal Ali‚ Justice V. R. Krishna Iyer and Justice Y. V. Chandrachud. Brief facts of the case: The case dealt with the constitutionality of a certain pattern of sales tax legislation‚ calculated
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W22Extra: Tax and Gearing: More Questions Multiple Choice 1) Which of the following statements is false? A) In general‚ the gain to investors from the tax deductibility of interest payments is referred to as the interest tax shield. B) The interest tax shield is the additional amount that a firm would have paid in taxes if it did not have leverage. C) Because Corporations pay taxes on their profits after interest payments are deducted‚ interest expenses reduce the amount of corporate tax firms
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in just this past year‚ an organization called the True Colors Fund has trained and educated members of communities much like even yours on the subject of LGBT youth homelessness. True Colors Fund was founded in April 2010 by Jonny Podell‚ Cyndi Lauper and Lisa Barbaris in order to put a stop to homelessness in LGBT young people. In addition to educating the public‚ they have held a number of fundraisers‚ such as Pizza 4 Equality and the annual Home for the Holidays concert. True Colors Fund does
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Tax in Maldives Over the few years Maldives economy has grown very much. Various opportunities have been open to investors and small scale business‚ in Maldives and the income that the government get also has increase in the past years. The tax has also effects many house holds and business. With the changes of laws and regulations there are many new taxes and royalties that are taken in from the public and the business organization. In this essay I am going to highlight the effects of the
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A Project Report On Role of Mutual Fund in Indian Capital Market Growth Submitted to: KURUKSHETRA UNIVERSITY‚ KURUKSHETRA In Partial fulfillment for the degree of Master of Business Administration (Session: 2005-2007) Under the guidance of: Submitted by: Mr. Abhishek Harit Tarun Chuttani Faculty‚ MBA MBA FINAL MAIMT Roll no.154/05 MAHARAJA AGRASEN INSTITUTE OF MANAGEMENT & TECHNOLOGY JAGADHRI -135003 DECLARATION I‚ Tarun Chuttani‚ hereby
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Assignment On Computation of Income and Tax Liability of an Individual Subject-ACT 322 Section-2 Prepared For Professor Mahbubur Rahman (MbR) Prepared By Nymul Hasan Taseen (083 414 030) Sharafat Halim (091 0615 030) Abu Syed Arik Kibria (091 0622 030) Abdullah Mohammed Zoboer Abhi (092 0096 030 - From Section 1) Date of Submission – 21st April‚ 2012. Of all the direct taxes‚ Income Tax ranks foremost. By nature and heritage‚ many of us tend to be just “free riders” in the society. We
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government losing money from tax avoidance. The BBC reported that some multinational companies use tax avoidance strategy to decrease the tax. It seems like these companies are lack of corporate social responsibility. However‚ tax avoidance does not equal to tax evasion. Some individuals assert that the government should publish a new policy to stop tax avoidance. While many others argue that it is blameless economic activity in the economic market to reduce the tax. Personally‚ I am in favor of
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Racism in a Small Community Week 9‚ Day 7‚ Final Paper Small communities can effectively combat racism by organizing activities to counter the desired results of hate group politics. Boyertown is a small‚ rural Pennsylvania community in Berks county about 75 miles north of Philadelphia. It is a predominately white community with limited diversity resulting from migrant Hispanic workers harvesting apples in the fall and working the mushroom houses the rest of the year. Due
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Summary The case study ‘Hermes Fund Management‚ Total and Premier Oil: the responsibility and accountability of business’ documents that in 2008‚ Hermes Equity Ownership Service (EOS) considers whether they should support Total‚ one of its clients‚ a giant French oil company operates a business in Burma/Myanmar and should they accept Total ’s invitation to visit Burma/Myanmar. David Pitt Watson‚ founder of Hermes EOS has said: "Hermes ’ philosophy is different from most founds. It seeks to create
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which they just bought for $580‚000. The mortgage costs them $2‚890 per month. They have three children 9 months old‚ 2 year old and 4 year old and all attend day care 5 days a week. Total day care costs are $90 per day. He has a Self Managed Superfund with $34‚000 in cash and contributes as a concessional contribution $2‚500 p.a. He makes no other contributions. Her superannuation has $67‚000 in a Capital Guaranteed Fund and Mary salary sacrifices $5‚000 p.a. Mary has a second fund from a former
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