Direct Taxes: A Direct tax is a kind of charge‚ which is imposed directly on the taxpayer and paid directly to the government by the persons (juristic or natural) on whom it is imposed. A direct tax is one that cannot be shifted by the taxpayer to someone else. The some important direct taxes imposed in India are as under: Income Tax: Income Tax Act‚ 1961 imposes tax on the income of the individuals or Hindu undivided families or firms or co-operative societies (other tan companies) and trusts
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The banking industry of Nepal doesn’t seem to be going in right track. The ongoing interest war and expansion of banking network unprecedently has further aggravated the problem. Till the date there are already 31 commercial bank 75 development bank and 84 finance company in the country. further few are in pipeline. alone in Kathmandu there are more than 100 private commercial bank involved in competition. Opening of branches and the installation of ATM machine has led to more idle cash lying around
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pertain to Brookhaven Publishing: * Social Security taxes: 6% on the first $55‚000 earned per employee * Medicare taxes: 1.5% on the first $130‚000 earned per employee * Federal income taxes withheld from wages: $7‚500 * State income taxes: 5% of gross earnings * Insurance withholdings: 1% of gross earnings * State unemployment taxes: 5.4% on the first $7‚000 earned per employee * Federal unemployment taxes: 0.8% on the first $7‚000 earned per employee The company
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in the American Revolution and the Seven Years’ War‚ much to the frustration of the French people. Taxes were raised to support France in the New World‚ while New World battles were paid for in debt. Taxes could not be raised high enough to erase the massive debt that was engulfing the country. The clergy and nobility were apparently unfazed by the debt‚ with the commoners carrying the massive taxes. The immature King Louis XVI did his part to increase both the national debt and his belly; he was
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• “Sin taxes” on cigarettes and alcohol are designed to boost revenue‚ not improve public health • Minimum alcohol pricing will exacerbate poverty and entrench inequality without discouraging binge drinking • Most of the costs of drinking and smoking fall on individual consumers‚ not the public. There is no economic justification for increasing taxes on smokers and drinkers. In a report released today‚ The Wages of Sin Taxes (Download PDF) by Christopher Snowdon‚ the Adam Smith Institute condemns
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28-Crash Course World History Video Notes Tea‚ Taxes‚ and the American Revolution 1. The issuing and eventual repealing of the Stamp Act would only embolden the colonists when the British tried to put new taxes on the Americans in the form of the _____________________ acts. 2. These led to further protests and boycotts and most importantly‚ more __________________ among the colonists. 3. As previously noted‚ the _____________ ______________ benefited tremendously from the ______________ of consumer
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My interest in life is going to college and to become a Chemical Engineer. Chemical Engineers is the combination of chemistry‚ math‚ and physics to design and operate the manufacturing processes. I want to major in engineering because ever since I was a child I realized that I am asking myself the same questions‚ how do things work‚ what do they do‚ and how can I do something better about the environment. I have always enjoyed challenging myself mentally‚ construct new things‚ and math is my best
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Gifted and Talented What is the general definition of gifted and talented? Gifted & Talented means children‚ and wherever applicable‚ youth who are identified at the preschool‚ elementary or secondary level as possessing demonstrated or potential abilities that give evidence of high performance capability in areas such as intellectual‚ creative‚ specific academic or leadership ability‚ or in performing and visual arts and who by reason thereof require services or activities not ordinarily provided
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What is ‘Insurable Interest in a Maritime Insurance Policy’ The term “insurable interest” refers to the benefit (or interest) a person has in an insured object (or person – as in a life insurance insurable interest). This benefit can refer to a financial benefit‚ among others. A person has insurable interest in a thing when he or she would experience some kind of loss (financial or otherwise) if the thing were to be damaged or lost. Say that you have piece of jewelry in your home that is also a
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the people in India prefer to live in a joint family‚ which could comprise anywhere between a group of two or more members to even over 20 members sometimes. As per the Indian way of living‚ the commanding position in a family is held by the eldest earning male member. He consults other adult members on important issues‚ but it is his decision that ultimately prevails. However‚ a lot of importance is also given to the advice of the eldest retired members of the family. Women as Homemaker As per the
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