Business Houses under Tax Holidays 13 4. EXEMPT ORGANIZATION 13 5. 5.1 PERSONAL INCOME TAX Persons or Individuals liable for TDS under PIT 14 14 5.2 5.2.1 5.2.2 Sources of Income liable for TDS Income from Salary Rental Income 14 14 15 5.2.3 5.2.4 5.2.5 Dividend Income Interest Income Income from Other Sources 15 16 16 PART II 6. DEDUCTION‚ TDS CHEQUES‚ DEPOSIT‚ ADJUSTMENT OF TDS‚ FINES & PENALTIES ACCOUNTING & 17 6.1 6.1.1
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represents specific cost such as insurance‚ maintenance‚ and taxes. For capital leases‚ a lessee recognizes lease assets and liabilities on the balance sheet (FASB‚ 2013). The lessee will determine the amount to record in accordance with FASB ASC 840-30-55-6 (2009)‚ the minimum rental payments over the lease term is the number of months of the lease times the amount of the rental fee. The lessee residual amount is added to the minimum rental expense to get the minimum lease payment. Direct Financing
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Based on the research I have gathered‚ I believe my Canadian Franchise‚ Rawlicious would be successful in an expansion to Australia. This franchise has a competitive advantage as it responds to the global customer demand for healthier food alternatives. It serves food known best to consumers as clear conscience eating‚ containing no wheat‚ no meat‚ no dairy nor refined sugar. Australia is considered to be one of the driest continents on Earth‚ the full service menu at Rawlicious appeals to this
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CHAPTER 21 Accounting for Leases ASSIGNMENT CLASSIFICATION TABLE (BY TOPIC) Brief Exercises Topics Questions *1. Rationale for leasing. 1‚ 2‚ 4 *2. Lessees; classification of leases; accounting by lessees. 3‚ 5‚ 7‚ 8‚ 14 *3. Disclosure of leases. 19 *4. Lessors; classification of leases; accounting by lessors. 5‚ 6‚ 9‚ 10‚ 11‚ 12‚ 13 6‚ 7‚ 8‚ 11 *5. Residual values; bargainpurchase options; initial direct costs. 15‚ 16‚ 17‚ 18 *6
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Availability * Skilled manpower In this paper‚ I make an attempt to compare and contrast the TAX LAWS between India and China. I have made the analysis along the following four tax categories: * Income Taxes and Tax Laws * Tax Exempt Income * Tax Deductions * VAT and other Taxes REVIEW OF LITERATURE In “Income Inequality and Progressive Income Taxation in China and India‚ 1986-2015” by Thomas Piketty and Nancy Qian‚ the authors evaluate income tax reforms in China and India.
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CHAPTER 21 ACCOUNTING FOR LEASES IFRS questions are available at the end of this chapter. TRUE-FALSe—Conceptual Answer No. Description T 1. Benefits of leasing. F 2. Accounting for long-term leases. F 3. Classifying lease containing purchase option. T 4. Accounting for executory costs. F 5. Depreciating a capitalized asset. F 6. Lessee recording of interest expense. T 7. Benefit of leasing to lessor. F 8. Distinction between direct-financing and sales-type leases. F 9
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because it is cost saving and allows companies to pay lower wages in countries outside of the United States. Forcing limitation on companies outsourcing‚ will create more jobs in the United States. In addition‚ more jobs mean more people are working. Taxes paid from these people‚ will go back to the government‚ and help the budget. Expectations Expectations in the market affect aggregate supply and demand. People tend to make larger purchases and investments based on expectations. In housing market
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This paperwork of ECO 372 Final Exam shows the solutions to the following problems: 1) The largest source of household income in the U.S. is obtained from A. stock dividends B. wages and salaries C. interest earnings D. rental income 2) The market where business sell goods and services to households and the government is called the A. goods market B. factor market C. capital market D. money market 3) Real gross domestic product is best defined as
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Cost estimation is a fundamental aspect of managerial/cost accounting (Datar et al. 2008; Eldenburg and Wolcott 2005). The cost predictions are used in each of the management functions. for example used to predict costs so that management can determine the desirability of alternative options and to budget expenditures‚ profits‚ and cash flows. The objective is to support students in learning how to apply regression analyses to understand cost behavior and forecast future costs using real data from
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Cash and equivalents $ 2‚317 $ 1‚955 Short-term investments (Note 6) 1‚440 2‚583 Accounts receivable‚ net (Note 1) 3‚280 3‚138 Inventories (Notes 1 and 2) 3‚350 2‚715 Deferred income taxes (Note 9) 274 312 Prepaid expenses and other current assets (Notes 6 and 16) 870 594 Total current assets 11‚531 11‚297 b. What method does the company use to value inventory? The Notes indicate that NIKE
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