Contents TAX LEG: ITAA1936 [eg. S6(1)]‚ ITAA1997 [eg. S6-5]‚ FBTAA 1986‚ GST Act 1999. Topic 2 – Jurisdiction to Tax taxable payable Tax Payable (s4-10 ITAA1997)= (Taxable income * Tax Rate) – Tax Offsets (Tax/Financial Year = I July – 30 June) – Income tax payable on a year-by-year basis s3-5 ITAA97. Taxable income (s 4-15 ITAA) = Assessable Income less Deductions Assessable Income (s6-1) = Ordinary income (s6-5) and Statutory income (s6-10) but not Exempt income (s6-15). Assessable
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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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what is already there. Will Smith is an actor but have you always wondered why he wanted to be an actor. Willard Christopher Smith‚ Jr was not always an actor but merely a rapper. Yes its true he was not always an actor he was a rapper for some of his life. If you want to Find out read my Biography. Throughout life people will make you mad‚ disrespect you and treat you bad. Let God deal with the things they do‚ cause hate in your heart will consume you too. Will Smith was born on September 25‚ 1968
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Bocaling‚ JC Cruz‚ Marinel Espiritu‚ Bea Sy‚ Jayn MARTIN SMITH CASE STUDY Martin Smith is newly employed in Greenlane Group‚ a top venture firm. Mr. Weatherstorm‚ his senior partner gave him three proposals to assess and evaluate. Martin’s task was to make a presentation about the advantages of the three data communication companies and come up with a credible recommendation on which of the proposals should Greenlane Group choose? The company’s existing portfolio has high risk options
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topic of tax fraud. We will begin by introducing the basic concepts of tax fraud. Secondly‚ this paper will also delve into some of the laws that have been passed as punishment for those parties that decide to commit tax fraud. We will also highlight some of the more current examples of tax fraud that have been committed and the details that lead to the perpetrators being caught. Lastly we will discuss the role that criminal investigators have in the realm of tax fraud. Tax fraud can be stated
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ICLR: Appeal Cases/1974/HOWARD SMITH LTD. APPELLANT AND AMPOL PETROLEUM LTD. AND OTHERS RESPONDENTS [ON APPEAL FROM THE SUPREME COURT OF NEW SOUTH WALES] - [1974] A.C. 821 [1974] A.C. 821 [PRIVY COUNCIL] HOWARD SMITH LTD. APPELLANT AND AMPOL PETROLEUM LTD. AND OTH-ERS RESPONDENTS [ON APPEAL FROM THE SUPREME COURT OF NEW SOUTH WALES] 1973 Nov. 26‚ 27‚ 28‚ 29; Dec. 3; Lord Wilberforce‚ Lord Diplock‚ 1974 Feb. 14 Lord Simon of Glaisdale‚ Lord Cross of Chelsea and
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Nguyen‚ Paula Nguyen 1 9/10/12 Period 2 Zick Reflection on: Turn Off the Phone (and the Tension) Jenna Wortham/New York Times/Aug. 25‚ 2012 The article‚ “Turn Off the Phone (and the Tension)” by Jenna Wortham‚ from the New York Times‚ can be related to most people in our generation. Our generation is filled with new technology and doing things faster and more efficient. I would say the majority of teenagers have smart phones with texting and/or internet. I feel that most people have forgotten
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Will Smith In my life ‚ I have had many Idols-From Eddie Murphy to Tupac‚ they have never been scarce in number. However‚ I am taking this time to dedicate my essay to the one person I find has had an adventurous life-Will Smith. At the age of sixteen‚ Smith met a DJ at a party. The pair became friends‚ and the rapping duo DJ Jazzy Jeff and soon enough the Fresh Prince was born. Wilfard Christopher Smith Jr. was
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distributions. Compute: Ord Income (including Sec 1245 recap); less: Exclusions; liability;(c) profits allocated to owners are not subject to FICA/FUTA(payroll tax advantage); - Exclusions and Deferred Comp less: COGS (result Gross Income); less: Op Exp (including depr‚ sal exp‚ rent exp‚ repairs/maint‚ (d)ownership of S can be ‘gifted’ to children; not with Prop;(e)(HUGE)Gain on sale S-corp stock Gross Income (Start of 1040 p.1) ad exp‚ professional fees‚ guaranteed payment to partners=operating
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and levies. It seems that government might have to collect more money either through VAT (Value Added Tax) or from direct taxes. In Bangladesh VAT introduced in 1991 by replacing the sales taxes is still known as the vital reform in Bangladesh revenue structure. The remaining potential sector is the income taxes sharing almost all taxes coming through direct sources. Tax base is too narrow and the tax law is full of exemptions and allowances. Agriculture sector provides employment for around 60percent
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