Conduct Tax Audit – Part 1 Analysis of Certain Clauses Audit under Section 44AB of the Income Tax Act By Raman Jokhakar‚ Chartered Accountant Objective To understand the purposes of this Form To learn nuances of the clauses To understand audit risk To effectively carry out attestation To document adequately To disclose standard notes‚ limitations and stands To know inter links between clauses To be aware of important stands taken by Courts To understand the objective of the tax department
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book – but we will be given the question 2 weeks before Exam (70%) Tuesday 22 June 9:15am – 12:30pm Exam * Tax avoidance/evasion won’t be covered * 3 sections: * 1: Multiple choice * 10 marks * 10 questions * Similar in nature to the pop quizzes * Cover everything – particularly includes Chye Ching and Craig * 1: Tax return * 25/55 marks * Individual (not a partnership) * Similar to Kathryn and Romy (last
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Tax Havens One of the major ways to evade taxes is through the use of tax havens. When most people think of a tax haven‚ a tropical island where corporations and the rich hide their money from the government is typically what comes to mind‚ but that isn’t always the case. There are many separate definitions and lists of what constitutes a tax haven‚ but perhaps the most widely accepted is the criteria put forth by the Organization for Economic Co-Operation and Development. The OECD focused on “factors
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Peter the Great‚ the Tsar of Russia from 1682-1725 was a hero for the Russian people. He fought to make the country bigger and improve trade‚ made huge changes in the social and economic structures of Russia‚ and expanded the Russian military strength into a much larger power. Peter the Great spent two years trying to capture territory near Turkey called Azov. He did this for two different reasons. The first was to strengthen alliances in Europe against Turkey because of religious tensions. The
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Peter the Great: Reformer or Revolutionary? Peter the Great‚ or Peter I‚ was a man who introduced sweeping changes in Russia during his reign‚ some that were great for his country‚ and others that lead to misfortune. Even though he changed many things‚ historians have argued over whether he was a reformer or revolutionary for many ages past his death. It is more accurate to call him a reformer than a revolutionary‚ as Peter did introduce changes‚ but most of them were copied or based off other
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Petersan Tax Return Teri A Burris Federal Income Taxes I ACC 401 Gary Tate 1 April 2013 In order to properly prepare a tax return‚ there should be a complete list of the correct documentation in order to facilitate In this case Harold and Sarah Petersan; the forms will be a varied depending on their information. Harold and Sarah Petersan is a married couple living in California‚ with one dependant. Both husband and wife
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bank and $200‚000 from Mike for additional cash. They believe the company will take a few years to become profitable. The company will either go public or sell to large retailer after grow. The company has asked us to research what kind of entity to form. A business may choose to operate as either a C corporation‚ an S corporation‚ a limited liability company‚ a limited partnership‚ or a general partnership. “A general partnership‚ the liability of each partner for partnership debts is unlimited
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the report is an exploration of a career option and a Tax Auditor at Canada Revenue Agency. The purposes of this report are to not only prepare myself for the position by examining and learning but also introduce a different field of work to colleagues All residents in Canada must pay a tax and Canada Revenue Agency (CRA)‚ formally known as Revenue Canada‚ is a federal agency that has as its main function the administration of Canadian tax laws for most of the provinces and territories of Canada
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Just A Mother Amy Amy: A Case Study Amy is the mother of three children: a daughter who is seven and twins – a boy and a girl – who are five. Her husband is an attorney and works long hours. Amy is a college graduate and worked in a professional role until the twins were born. Amy is an only child‚ social‚ attractive and very well organized. However‚ inside‚ Amy feels insecure‚ even worthless. Her mother was an alcoholic and her father died when she was ten. After her father died‚ Amy began to take
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Concepts Of Tax Residential Status And Tax Incidence Concept And Calculation Of Tax Income Under The Head Salary FBT* And New Perquisites Income Under The Head House Property Income Under The Head Business And Profession Income Under The Head Capital Gains Income Under The Head Of Other Sources Clubbing Of Incomes Set Off And Carry Forward Of Losses Agriculture Income And Its Taxability Deduction From Gross Total Income Exempted Incomes Assessment Procedure Advance Payment Of Income Tax Tax Deducted
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