10(34). This includes deemed dividend under sections 2(22)(a) to (d). This is because such dividend attracts dividend distribution tax @ 12.5% in the hands of the company. (2) The TDS provisions under this section are attracted only in respect of deemed dividend referred to in section 2(22)(e)‚ if such dividend exceeds Rs. 2‚500 in a year. (3) The rate of deduction of tax in respect of such dividend is 20% plus surcharge‚ if applicable‚ plus education cess. (4) Under the proviso to section 194‚
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Alternate Tax * Contributed under income tax * by vakilsearch Taxation on income is a vital source of revenue for our Government. Although Companies have to follow a mind-bogglingly complex procedure‚ the list of exemptions and deductions is long. As a result‚ a lot of Companies used these deductions and exemptions and escaped tax liability. While they enjoyed book profits as per their profit and loss accounts (and sometimes even distributed dividend)‚ tax liability as per the Income Tax Act
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Sin and Forgiveness in The Scarlet Letter Hawthorne uses the theme of sin and forgiveness throughout The Scarlet Letter to portray the protagonists and antagonists of the story. Hawthorne uses comparative techniques through dark versus light‚ and nature versus civilization. With both of these he is giving underlying comparisons of sin and forgiveness. Hawthorne uses comparisons to show the reader that by having the inability to forgive‚ he/she is committing the sin of pride and is no better than
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Sin and Redemption: The Transformations of Prynne‚ Chillingsworth‚ and Dimmesdale In “The Scarlet Letter‚” Hawthorne presents the consequences of sin as an important aspect in the lives of Hester Prynne‚ Roger Chillingsworth‚ and Arthur Dimmesdale. The sin committed‚ adultery‚ between Hester Prynne and Arthur Dimmesdale had resulted in the birth of their innocent little girl‚ Pearl. This sin ruined the three main characters’ lives completely in different ways. With the sin committed‚ there were
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My final argument will be based on the effectiveness of this tax: The tax will have no significant impact on greenhouse gas emissions. It has been claimed that an Australian carbon tax will have no significant impact on the level of greenhouse gases in the earth’s atmosphere. This claim has been made on two bases. Firstly that it is unlikely to succeed in significantly reducing Australian greenhouse gas emissions and secondly‚ that even if these emissions were to stop completely this would have no
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one of the most important clients at B&C is stressing to the firm that he wants the firm’s expertise to help reduce taxes on his accounts. Peter‚ a tax partner who is a more inclined risk taker has taken on the project‚ but his methods are proving to be illegitimate. He is claiming that top clients do not need third party verification on their tax information when other clients are required to have this verification. Jessica has looked at the past files and found major discrepancies that would only
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Tax Preparing CPAs and Issues Related to Client Confidentiality The case talks about John Jones who is a CPA with 20 years of experience in preparing tax returns for clients. In 2013‚ Jones prepared a list of taxpayers that contained some specific information‚ which he could use to get in touch with those taxpayers for providing them with information regarding business and economic conditions‚ and also use these info for tax education and analysis purposes. As a result‚ the main objective of this
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Memo to File Date: February 09‚ 2012 Re: Reducing Dr. Kevorkian’s tax liability from passive investments before year’s end. Facts: In 2010 Dr. Kevorkian had the following transactions: He has active income‚ from medical practice of $150‚000 (active income). He expects to receive $10‚000 in interest and dividends (portfolio income). He invests $100‚000 in Limited‚ a limited partnership (passive income). Limited lost money and Dr. Kevorkian’s share of the loss is $15‚000. In 2011 Dr. Kevorkian
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Debt‚ Death & Taxes 16th October 2002 Robert Camilleri The Conservative government doctrine is essentially defined as the party of tax relief. But now conservatives have converted themselves into the party of debt retirement. The conservative government has lost interest in tax cutting and instead wants to devote the surplus tax payments and asset sales over the next 3 years to paying down the national debt. The Howard-Costello government‚ seen as militant debt hawks‚ has announced their goal
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of sin through the actions of his characters and circumstances they must bear daily. While living in a world with many complexities the temptation of sin lurks everywhere. Most sins‚ the offences against one’s morals‚ are ordinarily committed to seek pleasure. Similar to that of Hester Prynne along with Reverend Arthur Dimmesdale’s sin: “…this had been a sin of passion‚ not of principle nor even purpose.” (Hawthorne 184) The rest of the novel continues to narrate the consequences of this “sin of
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