profit margin on sales for 2013. Net income/net sales. receivables turnover ratio net sales/average A/R inventory turnover ratio for 2013. COGs/average inventory asset turnover ratio for 2013.Net sales/average total sales average collection period for 2013.365/receive turnover ratio. average days in inventory for 2013.365 / inventory turnover ratio decimal place. return on assets for 2013. Profit margin*assets turnover. return on stockholders’ equity for 2013. Net income/ average stockholder’s On December
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oyment incomeEMPLOYMENT INCOME Source of Employment Income The basis of taxation on employment income is that income from exercising an employment in Malaysia is regarded as Malaysian derived income. All income attributable to the employment exercised in Malaysia is subject to Malaysian tax irrespective of where the remuneration is paid. Where an employee is required to perform his duties outside Malaysia‚ the entire remuneration is still chargeable to Malaysian tax if the services rendered outside
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Indian Customs and Traditions Faith‚ family and castes shape just about every aspect of Indian culture -- from birth to death -- and all the trials and parties in between. Indian society is structured around the families people are born into and where they are born. Individuals inherit their social position and stay within it throughout life. A caste‚ or jati (meaning "birth")‚ is the level within the social system that determines who people will marry and often even what line of work they can
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1. Introduction Issues of customs jurisdiction and powers vis-a-vis international law obligations remain thorny issues in customs operations. Powers that customs can exercise can be limited by international law through conventions and treaties which a state becomes party to especially where people can claim immunity or where vessels are on the high seas and in international waters. International conventions such as the Vienna Convention on Diplomatic Relations‚ the UN Convention on the Law of the
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PERSONAL COPY/ NOT FOR SALE OR CIRCULATION (Session 2012-13) INTRODUCTION HISTORY OF INCOME-TAX: 1. India’ trust with income tax dates back to 1859 when James Wilson‚ Finance member in the Council of India‚ came to the country to establish the tax structure‚ a new paper currency and to remodel the finance system. 2. A bill imposing tax on profits from property‚ professions‚ trades and offices was passed by the Legislative Council of India. It received the assent of the Governor General on July
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Customs‚ rules and laws each have their own varying applications on society. Over time‚ it has been shown that a strong relationship between them has developed and the different outcomes on society have then become an outline for future years to follow. Customs are classified as behavioural patterns that develop and become established within members of a society. These customs generally focus on morals‚ ethics and social behaviour. An example includes covering your mouth and/or nose when you sneeze
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And Tax Incidence Concept And Calculation Of Tax Income Under The Head Salary FBT* And New Perquisites Income Under The Head House Property Income Under The Head Business And Profession Income Under The Head Capital Gains Income Under The Head Of Other Sources Clubbing Of Incomes Set Off And Carry Forward Of Losses Agriculture Income And Its Taxability Deduction From Gross Total Income Exempted Incomes Assessment Procedure Advance Payment Of Income Tax Tax Deducted At Source Charitable And Religious
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Income inequality: Causes and Trends The distribution of wealth is extremely unequal in America and the whole world. This paper documents the growing inequality‚ and examines three reasons for its increase. The income growth for top earners is faster than income growth for the poor. This accelerated income growth for top earners would increase the income gap between top earners and the poor. In addition‚ income inequality between the poor and top earners in the US is becoming greater than in other
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Bangladesh‚ but our focus here remains Pakistan. The paper concentrates on the religious‚ social and economic structures of the Pakistani society to explain the age-old tradition of extortion of dowry that has taken a brutal form today. This immoral custom has adversely affected our women‚ individually‚ and our society as a whole. Gender discrimination and marginalization of women are identified here‚ to be the root-cause of dowry. This research paper aims to stimulate a thinking process by sensitization
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NATIONAL INCOME Definition: According to Alfred Marshall‚ National Income is the labour and Capital of a country‚ acting on its natural resources‚ produced annually a certain net aggregate of commodities and in materials including services of all kinds. This is the net annual income or revenue of the country or the true national dividend. According to A.C.Pigou “ The national income dividend is that part of the objective income of the community‚ including‚ the income derived from aboard
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