Tax amendments to file Income-Tax return for AY 2013-14 It is well known fact that tax payers are now required filing their Income-tax Return for the Financial Year 2012-13 relevant to the Assessment Year 2013-14. These Income-tax Returns in most cases have to be filed by 31st July‚ 2013. However‚ for the Corporate Sector as well as for persons who are having the requirement of tax audit the last date of filing Income-tax Return happens to be 30th September 2013. The Central Board of Direct
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Appeal of Low Income Housing Tax Credits Overview of the LIHTC The Low Income Housing Tax Credit (LIHTC) provides incentives for corporations and individuals to invest in the acquisition‚ development and rehabilitation of affordable housing. The program offers federal tax credits to private equity investors that work with profit or non-profit developers in constructing or renovating rental properties for low-income tenants‚ those who earn 60 percent or less of the median family income for their county
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Introduction One of the most commonly discussed issues in economics is how tax rates relate to economic growth. Advocates of tax cuts claim that a reduction in the tax rate will lead to increased economic growth and prosperity. Others claim that if we reduce taxes‚ almost all of the benefits will go to the rich‚ as those are the ones who pay the most taxes. Specially‚ we truly care about how tax rates can lead to the changes in labor supply and aggregate demand (AD). What does economic
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The effect of the plain language movement on the rewriting of the Australian 1936 Income Tax Assessment Act is a case worth considering. It is an example of language evolution‚ with the legal profession moving away from the ’safe’ legal language to the more clear‚ concise‚ and accessible plain language. It also highlights the effect of plain language and its many advantages over the older legal language. In addition‚ the plain language movement is a live and current issue‚ not just in English speaking
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Nidia Garcia Professor: Kyusuk Chung HSCI 314 April 26‚ 2013 Cost Conundrum & Escape Fire Our Healthcare system is clearly business based according to the article “Cost Conundrum” and on the movie “Escape Fire”. In the movie it had an impacting story of an older lady who had heart problems where she went to a doctor and they were going to charge her thousands of dollars were later she went to a different doctor and they charged her a couple hundred dollars for t he same procedure. I couldn’t
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2009 Dear Miss McGeachin Comment to Exposure Draft Income Tax I appreciate the opportunity to comment on IASB’s Exposure Draft Income Tax. This letter expresses my personal views based on my experience with a very specific issue: deferred taxes arising from the differences that result from there being a functional currency and another currency that applies for corporate tax purposes. In most countries‚ the currency that applies for corporate tax purposes is the same as the country’s local currency
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in federal income tax in the past year‚ including people aged 18 (who typically are deducted on their parents ’ returns and do not pay income tax). Anyone who received the "earned income credit" is barred from voting unless they return the payment from the government. Proof of payment of the tax can be made by showing a copy of the prior year ’s W2‚ a copy of the prior year ’s tax return‚ or a signed statement from the IRS stating that the payment of more than $200 in federal income tax has been made
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and a $50‚000 FMV for 50 shares of Lima Stock. Lima will borrow additional capital from a bank and then will subdivide and sell the land. Prepare a memorandum‚ compare tax and financial accounting for this transaction.” Memorandum To: Dr. Ulysses Taylor From: Jessica Cain Date: January 26‚ 2015 Subject: Tax treatment of corporate formation for Lisa and Matthew Lisa and Matthew are contributing property worth $50‚000 each in exchange for 50 shares each in an effort to form Lima Corporation. Lima
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cvSyed Safeer Ul Hassan‚ Riyadh‚ Saudi Arabia‚ Tel: +966 59 751 9527 Email: Sinourr@gmail.com 12/Jan/2013 Dear Sir‚ It is with great pleasure to present my CV to your company‚ and it really gives me great honour to be one of your company’s members. I have been working at Saudi Lumat for the past three year as an IT Systems administrator. I have gained practical experience while working at the site with limited resources but still i have achieved minimum downtimes with
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1.What was the key issue that prompted the EU to take the Helms-Burton dispute to the WTO? The EU took the Helms-Burton dispute to the WTO because they felt that it violated international rules dealing with trade. The EU had a dispute with the U.S. regarding testing agriculture‚ trade‚ investments and biotechnology issues which was brought to the attention of the WTO. The EU was concerned about the effect of the North American Free Trade Agreement‚ proposed a Transatlantic Free Trade Agreement
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