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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National income accounting provides economists and statisticians with detailed information that can be used to track the health of an economy and to forecast future growth and development. The measure of national income allows us to compare output and the standard of living of one country with another‚ an increase in the National Income statistics usually an increase in standard of living. The measure of national income that we use to do this is known as Gross Domestic Product (GDP). GDP per capita
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Bis3642 PROJECT 1. The sports shop system. -This project is going to be used at the shop that sell the sports product like clothes in the point of sale 2. Objective of the sports shop system. 2.1 Customer that will register will have their own card number and the id‚ and the system will issue a pin for that particular customer. -It must update the stock into the system -It should be able to search the product available. -It must produce a report -It must issue a slip to the customer
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TITLE PAGE INCOME TAX Assessment - Report writing NAME: xxxx xxxx STUDENT NUMBER: xxxxxx HND Accounting TUTOR: xxxx xxxx DATE: April 2012 ACKNOWLEDGEMENTS. I would like to thank my tutor‚ xxxx xxxx for the valuable advice and support given to me to enable me to write my report. INTRODUCTION. The purpose of this report is to fully evaluate Katy’s situation by providing detailed information about the different issues regarding employment and self-employment to enable her to determine
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December 8th‚ 2011 Dram Shop Act in the United States: Is It Fair? Liquor has been around since the beginning of recorded history‚ possibly before then. It has evolved from drinking “spirits” as they are referred to from Biblical times and used for medicinal purposes to establishments of today distributing and selling them. Liquor stores‚ bars‚ restaurants‚ gas stations‚ sports arenas‚ concert halls‚ and wineries are all places where one can purchase alcohol. Dram Shop laws are unfair and
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Human Computer Interface design issues and challenges presented by Human-Robotic Interaction Problem Statement The replacement of factory and retail workers with robots that can perform the repetitive tasks done by their human counterparts has escalated. This can be seen in areas where the repetitive maneuvers performed by a robot can replace a multitude of workers thereby increasing the manufacturing process yet causing unemployment levels to rise in a locale area. These types of manufacturing jobs
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Proposal for Making Better Working Conditions for NIKE Factory Workers Prepared for Mark Parker‚ CEO Charlie Denson‚ President Philip H. Knight‚ CBD Board of Directors By Michael Espiritu Oscar Mejia Jorge Reinoso November 20‚ 2012 Concerned College Students 12345 Fairness Dr. Westlake‚ CA 90002 1(818) 555-6969 November 06‚ 2012 Michael Espiritu Oscar Mejia Jorge J. Reinoso Nike Board of Directors Nike World Headquarters One Bowerman Drive Beaverton‚ OR
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Australia’s foreign debt In recent years‚ Australia’s debt to the rest of the world has increased‚ and grew on average by 6.1% per year between June 1999 and June 2009‚ increasing from $15‚400 to $27‚900 in 2007-08. The growth in a country’s foreign debt can reflect several related influences. The value of its imports and other current payments to foreigners may exceed the value of its exports and other current receipts from foreigners‚ is this is the case then the nation experiences a deficit
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Permanent Income Hypothesis Introduction The basic idea is that people’s income has a random element to it and also a known element to it and that people try to smooth the random part using saving and borrowing. Hence‚ we need to distinguish between permanent income and transitory income. Example: Suppose that you are working and receive an annual salary of twenty thousand dollar. Suppose that you expect to get that salary every year in the future. Then twenty thousand dollar represents the
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Large‚ crisp snowflakes fell gracefully from the skyline like dancing fairies. The taste of excitement lingered in the misty air. As the shop lit up like a Ferris wheel on a fair ground and as the door began to rotate‚ the ever-awaiting crowds stood brimmed with delight. They began to swarm the door like a gathering of bees. The pounding of enthusiastic footsteps shook the ground as if a herd of elephants had passed. Staff‚ who worked in military precision‚ warmly greeted the over joyed kids as they
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