Assessable income=ordinary income + statutory income. Ordinary income: income deriving from the courts (s6-5) Negative propositions: items that are not income by ordinary concepts: 1.Amounts not convertible into money :In Tennant v Smith (1892) free accommodation provided to a bank manager was held not to be ordinary income because building could not be sub-let and the benefit thereby converted to money. In FCT v Cooke & Sherden (1980) an incentive prize offered by a manufacturer was not income of the
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partnership Why do Japanese companies go for joint ventures in India? IMM Jeong-Seong Senior business analyst at the POSCO Research Institute W development. hen it comes to technology‚ capital‚ management expertise‚ and global business experience‚ Japanese companies do not lag behind Korean ones. Still‚ they often seek partnerships with local firms when entering the Indian market. Why? The president of Wipro‚ one of India’s largest information technology service companies‚ said‚ “If you want
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things education majors hate being asked or told! 1. Why do you want to be an education major? Obviously‚ we are asked this all the time. From the moment we apply to our dream colleges to the day we finally get the job. However‚ I feel as though people are asking this in more of a disgust or sarcastic tone. "Why do you want to work with kids? Ew. Isn’t there anything better for you to major in?" As an education major myself‚ I don’t understand why people need to voice their opinion on my major at all
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Consulate General of India Toronto SETTING UP BUSINESS IN INDIA BY FOREIGN COMPANIES A foreign company planning to set up business operations in India has the following TWO options: 1. AS AN INDIAN COMPANY A foreign company can commence operations in India by incorporating a company under the Companies Act‚ 1956 through: a. Joint Ventures; or b. Wholly Owned Subsidiaries Foreign equity in such Indian companies can be up to 100% depending on the requirements of the investor‚ subject to
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my life would take a dramatic turn from what it is now. I would adopt the lifestyle of the rich and famous. There are lots of things I would do with the money. Firstly‚ before I use the money at all‚ I would give away ten percent to charity. Ten percent of RM1 million works out to RM100‚000. This is a lot of money to give away. It does not mean that I am a generous or saintly person. It simply means that when we get good luck‚ we must thank God by giving some money to charity. I would share the
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Male |The first President of Indian Republic |Dr. Rajendra Prasad | |The first Prime Minister of free India |Pt. Jawahar Lal Nehru | |The first Indian to win Nobel Prize |Rabindranath Tagore | |The first President of Indian National Congress |W.C. Banerjee
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Unilever in Brazil Case Write Up Unilever should launch new detergent powder to attract low-income detergent users in the Northeast Brazil. The company will be able to make use of its strong brand in launching the new product and also Unilever will be able to keep its profitability by positioning the new product into different segment from Unilever’s other products‚ OMO and Minerva. The economic upturn by Plano Real brought the higher purchasing power for consumers in the Brazil and this has
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Hello‚ my name is Alland. I’m currently studying business management in a private university in Malang. I’ve always had a dream of studying in the US. And I have some reasons why I really want to study in the US. My first reason is because of the quality of education that universities in the US offer. US education system is considered as one of the best educational systems in the world. The second is… I want to improve my English skills. Certainly‚ being surrounded
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worried about tenure. But why would teachers give unions and tenure up? Ravitch declares that teachers need their basic rights protected and states in her book‚ “That’s one important reason teachers joined unions: to protect their right to think‚ speak‚ and teach without fear” (174). Critics believe that unions are directly related to poor academic achievement‚ avoiding topics such as economy or communities that students come from. Along with this‚ they believe tenure should be given up. It is rewarded
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be accessed through myACCA • their responsibilities • opportunities for gaining experience • which exams they have passed or are currently studying. As an employer or workplace mentor‚ you should encourage trainees to think about ways they can achieve performance objectives and provide opportunities for them to do this eg secondments or job rotations‚ project work‚ or learning and undertaking new responsibilities. These types of activities will help the trainee to meet ACCA’s practical experience
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