In this regard‚ the principal Income Tax Act 1967 is amended by substituting sec 108 with the following: 108. where a dividend is paid or credited by a company to any of its shareholders in the basis period for a year of assessment‚ the company shall not be entitled to deduct tax from such dividend paid or credited. 1.1 Chart: The Single Tier Company Income Tax System The company Company shareholders Income from the
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Income Tax Reckoner 1. Rates of Income Tax Individuals & Charitable Trust‚ General* Up to ` 2.00 Lacs ` 2.00 - ` 5.00 Lacs ` 5.00 - ` 10.00 Lacs ` 10.00 Lacs & above Senior Citizen (60 to 79) Up to ` 2.50 Lacs ` 2.50 - ` 5.00 Lacs ` 5.00 - ` 10.00 Lacs ` 10.00 Lacs & above Very Senior citizen (80 and above) Up to ` 5.00 Lacs ` 5.00 - ` 10.00 Lacs ` 10.00 Lacs & above AY: 2013-14
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Does Higher Education Guarantees Higher Income? The essay on the subject mainly focuses on the US perspective regarding higher education in relation to income thereof. The higher education in relation to higher income is a serious debate in the United States at the academia level since couple of years. Considering the rising un-employment rate and high cost on the graduate and PhD programs many people have serious observations whether or not to opt for the higher education. Many people even after
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parent-child relationship. If research is done‚ the research surrounds fathers who belong to the middle- and upper-class. The article entitled “Father Involvement in Urban Low-Income Fathers: Baseline Associations and Changes Resulting From Preventive Intervention” examines father involvement among ethnically diverse‚ low-income fathers. The goals of the research consist of filling the gaps of the literature‚ by studying a different population‚ and evaluating if whether attendance of workshops that
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On the other hand‚ conflict theorists argue that income inequality is part of a socio-structural force lead by elites to increase their wealth and opportunity at the expense of the working and middle classes. The theory of structural functionalism‚ coined by Davis and Moore (1945)‚ asserted that stratification was necessary in society. The primary reasons given for their claims were that stratification serves a useful function of society. That is‚ not every job or task is equally important or desirable;
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The main question that is addressed in the article “Income inequality and health status: role of institutions quality” written by Alassane Drabo is ‘Does the impact of income inequality on health status change when the quality of health institution varies?’. Specifically‚ will the increase or decrease in quality of a health institution such as as a hospital increase or decrease the impact of income inequalities on the health status of an area. Although this answer may be obvious‚ this question needs
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Trident University Module 5 Case Assignment Course Number: OPM 300 1. What are the advantages and disadvantages of selling books and goods over the internet? There are many advantages to selling books and goods over the internet. It allows small companies to compete with other companies locally and nationally. Creates the possibility and opportunity for more diverse types of individuals to start business and offers a convenient and inexpensive way for small firms to compete with larger
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Theoretical framework Ronald Coase’s article “The Problem of Social Cost”: to carry out a market transaction it is necessary to discover who it is that one wishes to deal with‚ to conduct negotiations leading up to a bargain‚ to draw up the contract‚ to undertake the inspection needed to make sure that the terms of the contract are being observed. This theory is related to our study because there were negotiations involved between two parties which are the lender and borrower and the transaction
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Is a Person’s Right to Defend Himself More Important than a Person’s Right to Privacy? Today‚ the online virtual world has expanded greatly compared to where it was just a decade ago. It has made space for many social media sites such as‚ Facebook‚ Twitter‚ Google+‚ among many other sites. Thus‚ meaning less privacy‚ and more people who can potentially gain access to it. As a result‚ the debate about whether a defense attorney should be authorized to gain a hold of users’ profiles has been going
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$11470 | Net working capital= $2170-1350=$820 2. Lifeline‚ Inc. has sales of $585‚000‚ costs of $273‚000‚ depreciation expense of $71‚000‚ interest expense of $38‚000‚ and a tax rate of 35 percent. Building an income statement for this company‚ what is the net income? Lifeline‚ IncIncome Statement | Net sales $585‚000 Cost $273‚000-------------------------------------------------
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