Deduction under section 33AB is allowable against composite income and not against only 40% of composite income- A case of un-necessary litigation by revenue in case of Tea Companies . Computation provision: Section 33AB is a provision relating to allowing deduction from business income. It falls under Part “D” of Chapter IV of the Income-tax Act‚ 1961. This part consists of various sections from section 28-44DB. As per section 29 the income referred to in section 28 shall be computed in accordance
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Essential Values for Success What do Steve Jobs and Lee Kuan Yew have in common? They are both successful people who possess certain values which make them unique and important to be remembered by years of generations. Both of them also contribute to society; Steve Jobs redefine the innovative IT world while Lee Kuan Yew leads Singapore to an unprecedented growth. Gladwell (2008) argued that achievement is a combination between talent and preparation. However‚ Maxwell (2007) said that talent might
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SELECTION TEST (PSYCHOLOGICAL TEST) A psychological test is an objective & standardized measure of a sample behavior from which inferences about future behavior & performance of the candidate are drawn. Tests provide a systematic procedure for sampling human behavior. These test are based on the assumption that no two individuals are equal in terms of intelligence‚ attitudes‚ personality‚ & other relate traits ones characteristics with others are measured through these tests. Types of Selection
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REGIONAL EFFECTS OF INCOME INEQUALITY: EMPIRICAL EVIDENCE USING U.S. COUNTY-LEVEL DATA is an academic article written by Bebonchu Atems. This article or Journal comes from the Journal of Regional Science Vol. 53‚ and was published November fourth‚ 2013. Bebonchu Atems (assistant professor of Economics and Financial Studies) is part of the Department of Economics School of Business at Clarks University. When studies are done on the U.S level on relationship between variables such as income inequality and
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Balance Sheet and Income Statement Jennifer Grayson BSA/500 June 4‚ 2011 Brian Keltch Balance Sheet and Income Statement The following four companies are related to the companies that have been in review over the last four weeks. These four following companies show how well the company has been doing over the last two years or not so well. The company has pulled their balance sheets and income statement to see if all the company’s financial needs are being met. If the company’s needs are
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Organic Chemistry/Biochemistry 1: Compounds Important to Life • Biologists classify compounds into organic compounds and inorganic compounds. Organic Compound: a compound that is derived from living things and contains carbon Inorganic Compound: a compound generally derived nonliving things • Water Water is an inorganic molecule with unique properties that make it one of the most important compounds for living things. In the water molecule (H2O)‚ the hydrogen and oxygen atoms bond
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Directions: Imagine yourself as one of the children in the liberation photograph. Complete the three paragraphs as a first-person narrative from his or her point of view. Paragraph 1: Why were you persecuted? Paragraph 2: Where did you go? Describe your experience at the camp. What happened to your family? How did the United States respond to your experience? Paragraph 3: What will your future bring? Predict what you think will happen to you now that you have been liberated. How has the world
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In the novel ’How I Met Myself’ written by David A. Hill‚ I learnt that familyis an important unit of life John Taylor is a computer programmer from England.He was posted to wor in Hungary. He has a wife‚ Andrea‚ and a daughter‚ Kati.One evening after wor ‚ when he was wal ing home‚ he bumped into his doppelganger for the first time.A doppelganger is a ghostly double of a person with the same face.Firstly‚ family is important because it provide support. After bumping into his doppelganger
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Essential oils have been used for thousands of years. It has been recorded that many ancient cultures have used essential oils as their main source of medicine. Today‚ for many people‚ the essential oils are still a common method of medicine. These oils have also been of good personal use to me and my family. Some of our top uses were to help in aide in the recovery of my dad’s cancerous issues‚ to cure me and my mom’s painful migraines‚ to resolve my sleep and anxiety problems‚ to boost my immune
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Income Tax Is not one Tax but an Aggregation Of Taxes Tax is a fee charge by the Govt. on any product income or activity. Taxes in India are of two types‚ Direct Tax and Indirect Tax. Direct Tax‚ like income tax‚ wealth tax‚ etc. are those whose burden falls directly on the taxpayer. The burden of indirect taxes‚ like service tax‚ VAT‚ etc. can be passed on to a third party. Income Tax is all income other than agricultural income levied and collected by the central government and shared
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