Taxes in India 1. Corporate tax rates: For a Company | Where taxable income exceeds INR 10 million | Other cases | Domestic company | 32.45% (30% + 5% surcharge + 3% education cess) | 30.90% (30% + 3% education cess) | Foreign company | 42.02% (40% + 2% surcharge + 3% education cess) | 41.20% (40% + 3% education cess) | 2. Dividend Distribution Tax Dividend income is exempt in the hands of the shareholders. However‚ a DDT is levied on companies declaring dividends. The effective
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Advantage of gst the advantages included an effective‚ transparent and fair tax structure besides encouraging a shadow economy to be registered under the GST system. "It is a transparent tax as a business premises can show the tax imposed in the sales invoice while consumers will know exactly how much tax he or she is paying on the goods bought and services rendered‚" he told reporters after opening the office of international real estate consultants‚ Rahim & Co‚ here today. Ahmad said
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FIFTEENTH CONGRESS OF THE REPUBLIC OF THE PHILIPPINES Third Regular Session ) ) ) SENAJE \ii:!49 S.No. Introduced by Senator Miriam Defensor Santiago EXPLANATORY NOTE The Constitution provides: Article 2‚ Section 15. The State shall protect and promote the right to health of the people and instill health consciousness among them. Article 2‚ Section 13. The State recognizes the vital role of the youth in nation-building and shall promote and protect their physical‚ moral‚ spiritual‚ intellectual
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Value-Added Tax is a form of sales tax. It is a tax on consumption levied on the sale‚ barter‚ exchange or lease of goods or properties and services in the Philippines and on importation of goods into the Philippines. It is an indirect tax‚ which may be shifted or passed on to the buyer‚ transferee or lessee of goods‚ properties or services. 1. What is a VAT registered individual? * Any person or entity who‚ in the course of his trade or business‚ sells‚ barters‚ exchanges‚ leases goods
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Abstract Tobacco taxation is an essential component of a comprehensive tobacco control strategy. However‚ to fully realize the benefits it is vital to understand the impact of increased taxes among high-risk subpopulations. Are they influenced to the same extent as the general population? Do they need additional measures to influence smoking behavior? The objectives of this study were to synthesize the evidence regarding differential effects of taxation and price on smoking in: youth‚ young adults
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VALUE ADDED TAX FOR PCC AND IPCC 1. Value added tax in short VAT‚ was a tax introduced as early as 1919 by Dr.Wilhelm Von Siemens in Germany as a tax on improved turnover. Professor Thomas.S.Adams suggested this tax in USA as a sales tax with a credit or refund for taxes paid by the producer on goods bought for resale or for use in production of goods. However till 1953 no country introduced VAT. In the year 1954 France introduced it and since then many countries have adopted this progressive
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Direct and indirect somatic embryogenesis Introduction to somatic embryogenesis Biotechnology is considered as one of the most important dynamic tools in the development of sustainable agriculture. Somatic embryogenesis is defined as the development of structures that follow histodifferentiation patterns resembling the events observed in zygotic embryogenesis. This in vitro morphogenetic pattern is a multi-step regeneration process starting with the induction of pro-embryogenic masses‚ followed
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INDIRECT DESCRIMINATION Indirect discrimination could be experienced as a group and also as an individual. Indirect discrimination occurs when in a healthcare organisation‚ there are practices and or set of rules which everyone is expected to obey but then it can affect some staff because of whom they and what they believe. Bii An example of indirect discrimination is: At the end of the year‚ the organisation decides to have an end of year party but choose a location which will not be suitable
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Abstract Throughout this paper‚ there will be an extremely debatable discussion about legalizing marijuana. Though both sides to this discussion have valid arguments‚ the pros outweigh the cons by a substantial amount. According to norml.org marijuana is the third most popular recreational drug in America. Federal law prohibits marijuana; anyone found with possession by federal law is punishable by up to one year in jail and a minimum fine of $1‚000 for a first conviction. With making this “troubling
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Business Research EM-518 Term Paper (A research proposal) On Effectiveness and efficiency of Value Added Tax (VAT) system in Bangladesh Submitted to: Dr. Shaker Ahmed Professor Department of Management Studies Faculty of Business Studies University of Dhaka Submitted by: Ahmed Munirus Saleheen # 3-08-14-031 Debashis Chandra Saha # 3-09-16-015 Marzuq Mohammad Hussain # 3-07-12-019 Md. Helal Uddin Talukder # 3-09-16-027 Md. Abdul Waresh Ansary # 3-09-15-037 [pic] Evening
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