However‚ every income is taxable under income tax law‚ whether it is received in cash or in kind‚ whether it is capital or revenue income‚ but still some incomes are given exemption from tax. In this lesson we will study those incomes which are exempt from tax. Here are some of the important items of income‚ which are fully exempt from income tax and which can be utilised by a resident individual Indian assessee for the purpose of tax planning. ➢ AGRICULTURAL INCOME: Under the
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5.0 Net Neutrality 5.1 What is net neutrality? Net neutrality is the principle that Internet service providers and governments regulating the Internet should treat all data on the Internet the same‚ not discriminating or charging differentially by user‚ content‚ website‚ platform‚ application‚ type of attached equipment‚ or mode of communication. The term was coined by Columbia University media law professor Tim Wu in 2003‚ as an extension of the longstanding concept of a common carrier‚ which
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prices and nutritional value‚ but for how good they taste. “More or less” Gini index measures inequality Brazil: inequality worldly-famous The view that income inequality harms growth—or that improved equality can help sustain growth—has become
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MEMORANDUM To: From: Date: Subject: Statement of Facts * Polluter Corp. runs three manufacturing facilities in the United States where they make various household cleaning products. * The Federal Government restricts the company to an emission allowance or EA‚ which must be used in the year prescribed by the government between 2010 and 2030. * EAs are considered intangible assets with a cost basis of zero. * EAs can be bought and sold from other companies with no
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Gross and Net profit Gross profit A company’s revenue‚ minus the business’ costs of goods For example: If I sold 5000 cheese sandwiches for £1 each my total revenue would be 50 x £1 = £5000 It costs 25p per sandwich to purchase bread‚ butter and cheese. My gross profit = Revenue – Costs of sales (25p x 5000= £1250.00) = £3750.00 Net profit The business’ gross profit minus expenses For example: My gross profit from my sandwiches is £3750.00 to calculate my Net profit I need to minus
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from a customer in 30 days III. account payable to a supplier that is due next week IV. loan payable to the bank in sixteen months A. I and III only B. II and III only C. I‚ II‚ and III only D. I‚ III‚ and IV only E. I‚ II‚ III‚ and IV 4. ABC Inc. has net working capital of $360; current liabilities of $190. What is the Current Ratio? (Ch3) a. 0.3 b. 0.5 c. 1.9 d. 2.1 e. 2.9 1 Intentionally limited to computational questions. “Concept” type questions excluded. 1 5. You just got lucky and won $80
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Imagine living in a world with internet restrictions. What is the problem with congress removing net neutrality if company’s say they will not block or slow down access to content on the internet? On the one hand‚ supporters of net neutrality argue that only large companies would be able to afford the faster internet speeds. Thus‚ reducing traffic to smaller businesses because of throttling and that content control could lead to content or site discrimination. On the other hand‚ opponents contend
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Net Neutrality In addition‚ those who challenge net neutrality must fight the issue of the American citizen’s right of privacy. By giving all the control to the ISPs they will obtain the right to basically spy on our every move on the internet. This would be violating the Fourth Amendment‚ which states “The right of the people to be secure in their persons‚ houses‚ papers‚ and effects‚ against unreasonable searches and seizures‚ shall not be violated‚ and no warrants shall issue‚ but upon probable
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It has been my dream since I was very young of one day becoming Peace Corps Volunteer‚ and I have worked very hard with preparing to one day becoming a successful volunteer. I recently applied and am waiting to hear back‚ and as I do so I am seeking more opportunity of becoming more involved with the Peace Corps‚ especially in regards to the third goal. I am a 3rd year Senior‚ pursuing a degree in Sociology‚ and two minors in Gerontology and Gender Studies. Through my educational‚ as well as my employment
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Bryan Thompson Professor Amy Joyner English 122 25 July 2014 America Needs Net Neutrality America is currently under a very big threat to our nation’s freedom. The Federal Communications Commission (FCC) is currently in the process of debating whether or not to end net neutrality. Back in 2010 the FCC made a decision to enforce net neutrality‚ which would require all ISPs‚ also known as Internet Service Providers‚ to treat all lawful internet traffic equally. This requirement helps maintain
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