some for ms of feed back on the effectiveness/efficien cy of such taxes. This stud y attempts to appr aise the usefulness of the tax system in Nigeria‚ usin g Value Added Tax system as a r efer en ce point. The significance of this stud y i s that it will enable th e government officials‚ r esear cher s an d econ omic analysts to appr aise an y type of tax‚ with th e aid of the par ameters used in this stud y. The stud y used th e ability to gener ate revenue and the ability to in fluence
Premium Tax Value added tax Income tax
Soda Tax: The Beginning of the End The government plans to tax sugary drinks to lower consumption and reduce obesity rates. It is a tax that is justified‚ because a high majority of its consumers are obese and our government believes they should step in and do something about it. There are positive aspects of a soda tax‚ but it would also be a violation of freedom of choice‚ with many other red flags as well. The government simply‚ has too much involvement with our personal lives. Placing a
Premium Small business Nutrition Obesity
288A) 3‚25‚000/- Deduction under Chapter VIA (W.N.3) Computation of Tax Payable by Mrs Rani for the Assessment Year 2013-14 PARTICULAR Tax at Normal Rate (W.N. 4) Tax at Special Rate (W.N. 4) AMOUNT 11500/3000/- Total tax 14‚500/- Add: Education Cess 2% Add: SHEC 1% 290/145/- Tax including Cess Relief 14‚935/0/- Tax Payable TDS/TCS/ Advance Tax 14‚935/3‚000/Self Assessment Tax u/s 140A 11‚935/- TAXABLE INCOME(Round off U/s 288A) 11‚940/- W.N
Free Tax Taxation Taxation in the United States
Summarize the sources and objectives of modern income tax statutes. The primary source of US tax law is Congress. Power to initiate tax legislation is vested in the House of Representatives but all tax bills must pass both houses and be signed into law by the President. Many times the details of the legislation are not dictated by Congress‚ but left to the Treasury Department which adopts regulations (that have the force of law) to spell out the details as well as interpret the statutes and provide
Premium Tax Taxation in the United States Income tax in the United States
In literature‚ there are often references to the Seven Deadly Sins. There is greed‚ there is gluttony‚ there is lust‚ there is pride‚ there is sloth‚ there is wrath‚ and there is envy. These so called sins are common attributes within a man that can cause a man’s downfall. In the short story‚ “The Diamond Necklace” written by Henri Ren Albert Guy de Maupassant‚ some of these Seven Sins are examined a little more closely. Guy de Maupassant became a writer after the Franco-Prussian War which he was
Premium Seven deadly sins Sin Christian terms
Assessee Perception towards Direct Tax Code (DTC) 1 1‚2 Dept. of FMS‚ Gurukul Kangri University‚ Haridwar‚ UK‚ India tax regime as it is based on well accepted principles of taxation and best international practices. It will eventually pave the way for a single unified taxpayer reporting system. The Philosophy behind such replacement is to make the Direct Taxes Code very easy and simple so that tax payers themselves can‚ without help of experts compute and file Income Tax Returns. In planning and framing
Free Tax Taxation Taxation in the United States
a shop they ask you: ’How do you want to pay?’ You can answer: ’Cash. / By cheque. / By credit card.’ In a bank you usually have a current account‚ which is one where you pay in your salary and then withdraw money to pay your everyday bills. The bank sends you a regular banki statement telling you how much money has gone in and out of your account. You may also have a savings account where you deposit any extra money that you have and only take money out when you want to spend it on something
Premium Tax Bank Income tax
INTRODUCTION Service tax is a tax on Services. Service tax is not a tax on profession / trade but it is a tax on the service provided in exercise of the profession / trade. It is leviable only if there is provision of service. SALE V/S SERVICE Service is different from sale. The fact that some goods have been used in the course of providing service’ doesn’t make that transaction a sale. The nature of the transaction depends on the intention of the parties. If the parties intended to enter into
Premium Tax Real estate Taxation in the United States
INCOME TAX Introduction : The income tax is administrated Income Tax Ordinance‚ 1984 and the Income tax Rules‚ 1984 as well as notification made under the Ordinance. The charge of tax of a person depends on its resident ship. Total world Income of a resident is charged to tax in Bangladesh. Where as a non-resident’s Bangladesh income is only charged to tax in Bangladesh. There are seven heads of income. The are salary‚ interest on security‚ house property‚ agriculture‚ business and profession
Premium Tax Income tax Taxation
SC 2279: (1977) 4 SCC 98: 1977 SCC (Tax) 536 Decided On: 31.08.1977 Bench: 7 Judge Bench consisting of the following Justices of the Supreme Court of India: Chief Justice M. Hameedullah Beg.‚ Justice N. L. Untwalia‚ Justice P. N. Bhagwati‚ Justice P. S. Kailasam‚ Justice S. Murtaza Fazal Ali‚ Justice V. R. Krishna Iyer and Justice Y. V. Chandrachud. Brief facts of the case: The case dealt with the constitutionality of a certain pattern of sales tax legislation‚ calculated to counter
Premium Legislature United States Law