Income Tax: Introduction The tax statutes in India: Income Tax Act‚ 1961 Income Tax Rules‚ 1962 Amendments made by Finance Acts decisions of Supreme Court decisions of respective High Court decisions of Income Tax Appellate Tribunals Notifications and circulars issued by Central Board of Direct Taxes (CBDT) Assessee 2 (7) “assessee” means a person by whom any tax is payable and includes— • A person by whom any tax
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ATENEO CENTRAL BAR OPERATIONS 2007 Taxation Law SUMMER REVIEWER PART I – GENERAL PRINCIPLES TAXATION – power inherent in every sovereign State to impose a charge or burden upon persons‚ properties‚ or rights to raise revenues for the use and support of the government to enable it to discharge its appropriate functions SCOPE OF TAXATION TAXATION IS: Unlimited‚ Far-reaching‚ Plenary Comprehensive Supreme STAGES OF TAXATION: (LAP) 1. Levy 2. Assessment 3. Payment Basic Principles of a Sound Tax System
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INTRODUCTION The issue in the first case is sit out about the Tax Residency of overseas employee working in Australia and Assessing the Taxable income and Tax liability in regards to Income Tax laws in Australia. It provides insides about Australian Taxation System and Common law cases effects on determination of Taxable income and deductions to different types of income. The second case is based on taxability of Income and deductions arise from the transactions related to property and its maintenance
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given to the customer in the form of periodic payments. The commercial banks play an important part of economy when they are involved in bidding process of government securities. Various services and products provided by commercial banks such as car leasing‚ mortgage financing‚ credit cards etc provide easy accessibility of funds to the customers. Hence great deal of money circulated in the economy is contributed by the commercial banks. Commercial banks are also an important element in implementing
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CONFLICTS IN NIGERIAN UNIVERSITIES: CAUSES AND MANAGEMENT By Alabi‚ A. T. (Ph.D.) Department of Educational Management‚ University of llorin‚ llorin Abstract This paper focuses on conflict between individuals and between groups as a universal phenomenon of management and organizational behaviour. It recognizes conflict .as an inherent feature of organization‚ and induced‚ in part‚ by the very structure of the organization. The structure of universities allows the sharing of functional
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usually springs to mind are images of infrastructures‚ businesses and projects beneficial to the general welfare of the people‚ or more negatively‚ the idea of corruption and dirty tricks especially nowadays when numerous issues are colouring the taxation system of the country. With these‚ today‚ its importance seems to be overlooked and is viewed more negatively as a burden to the people. Currently‚ the individual income tax rate in the Philippines stands at 32 percent‚ which is third highest in
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Tax Lesson 1 – Taxation Principles – Residence and source Corporations Agenda • Residence and Source as principles of taxation • Special case 1: The Hong Kong case • Example of tax planning based on the principle of source • Special case 2: the USA case Agenda • Residence and Source as principles of taxation • Special case 1: The Hong Kong case • Example of tax planning based on the principle of source • Special case 2: the USA case Introduction • Taxation for individuals
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conducted as part of the CONNECT project at Laurea University of Applied Sciences. The project concerns the investigation of the current renewable energy market entry and opportunities for Finnish small and medium-sized enterprises (SMEs) in the Nigerian economy. The goals is to support growth and accelerate the internationalization of small and medium-sized Finnish renewable energy companies within developing countries and to determine how they can achieve market entry in the renewable energy resource
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HISTORICAL BACKGROUND The history of port development in Nigeria dates back to the middle of 19th century. This was long after the onset of sea borne trade and transactions which followed the adventures of early explorations on the African coasts. Initial efforts towards provision of facilities for ocean going vessels were the attempts to open up the entrance to the Lagos Lagoon. Considerable littoral drift occurred along this coast; and the constantly shifting channels in the bar at the entrance
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with no jobs and found that the cost if living had risen. However‚ as industry became more efficient‚ assembly lines products could be manufactured with the development of quicker and for less money‚ and the Canadian demand for products grew. The economy started to boom‚ all due to jobs‚ price cuts and manufacturing opportunity. The 1920s saw the development of the car industry. Industries developed mass production during the 1920s products could turn out more quickly for less money‚ this changes
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