Business Taxation Agriculture Income Sec 2 (1A) of income tax 1961 act agriculture income means 1) Any rent or revenue derived from the land which is situated in India and used for agriculture activities. 2) Any income derived from such land by the agriculture person or by the process employed to make agriculture produce which can be fit for sale in the market. 3) Or any other income derived from any building provided that the: a) Building is on or on the immediate next to the
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` DEDUCTIONS GENERAL DEDUCTIONS s.8-1 -incurred in gaining or producing assessable income -necessarily incurred in carrying on a business Exclusions: - capital expense - private or domestic expenses - expenses incurred in producing exempt income - expenses which are specifically disallowed under the Act Others 1. Clothing and uniforms - protective‚ occupation specific uniforms‚ compulsory uniforms and embossed uniform 2. Home office
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now ready to introduced “the Fair Work Bill” systems to Australian public. A systems that deemed to be “fair” to all levels of operation such as small to large corporation both employer and employees‚ also more negotiating power for unions or known as collective bargaining (except Victoria will not be subject to the fair work changes) for the hope and ensuring better quality of life‚ promote economic productivity and stability in our workplace relations systems. Fair work bill has a considerable
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Taxation Task one (A)(i) Mice Ltd property business profit for the year 31 March 2010 is £20‚550 Period ended Year ended Year ended 31 March 31 March 31 March 2007 2008 2009 £ £ £ Trading profit 83‚200 24‚700 51‚200 Property business profit 2‚800 7‚100 12‚200 Gift aid donations (1‚000) (1‚500) – (ii) The company profits at the period 31march 2007 is £65‚000. Also the company profits at 31 March 2008‚ is £24800 for nine month with
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Short essay on A Visit to a Fair MILI A fair means a periodical gathering in some open place. I had got the rare opportunity of visiting the Baliyatra Fair in Cuttack. The fair was held on the full moon day in the month of Kartika. The fair is conducted every year on the bank of the Mahanadi. Thereby we commemorate our sea-trade with other countries in past. I had been to the fair with four of my friends. On our way to Cuttack‚ we discussed many things about our racial past. The Sadhavas
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Where it all began What is fair trade? Where did it start? Who started it and why? Believe it or not‚ fair trade has been around for a long time. Fair trade is the practice of directly benefiting producers in the developing world by buying straight from them at a guaranteed price. (thefreedictionary.com) Most items that we buy are not made in the U.S‚ their made in different countries and most of the time the producers are getting ripped off. Talking about fair trade for today isn’t the vocal
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the living takes effect at the moment of death. RULES IN VALUING THE GROSS ESTATE 1. In general‚ the GROSS ESTATE shall be valued at its FAIR MARKET VALUE at the time of the decedent’s death. 2. REAL PROPERTIES should be valued at the CURRENT FAIR MARKET VALUE as shown in the schedule of values fixed by the Provincial/City Assessors‚ or the fair market
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Parliamentary Taxation prompted rebellion in the colonies because England was deciding what taxes the colonies will pay to them‚ without talking to the colonies and knowing what the colonies made or how much they could afford. Restriction of civil liberties was a problem because England would not allow the colonies to appoint a governor for themselves out of the colony citizens. British Military measures became a problem because they started enforcing English law on the colonies by using the military
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Taxation of foreign profits on companies Introduction In June 2007‚ HMRC released a discussion document titled Taxation of foreign profits of companies’. The proposal covers widespread changes by the government to make the UK more competitive and attract capital investment to boost the economy. The changes to the taxation of foreign profits have been driven by pressure from business concerning the complexity of the UK tax system. The other main reason of the reform is the uncertainty as
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The aim of this essay is to discuss about the comment made by the Adam Smith Institute (2008) about how ‘The Fair-trade movement achieves virtually nothing in terms of reducing world poverty’. Fair trade is a standard that is set to support the developing countries exports‚ it is to improve the workers in a developing country’s working conditions‚ fair payments which help them towards development and planning of their future that may help poverty. It also helps them to sell products to developing
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