harvest season‚ the women in some families help in harvesting. This there is no need of procuring labour from outside the family. 4) Socialism in Wealth: According to Sir Henry Maine joint family is like a co-operative society with the father as the trustee. Every member in the joint family works conforming to the well established socialist formula; each works according to his or her ability and gets according to his or her needs. 5) Avoids fragmentation of land: Joint family avoids the evils or fragmentation
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vicegerent‚ as the servant and vicegerent of God‚ we have an objective to manage and develop the world in accordance with God’s rules and regulations. It benefits human to gain goodness in this world and in the Hereafter. As a vicegerent on earth and trustee of Allah‚ man is directly responsible and accountable to Allah for his deeds. Whatever he does in this world has consequences in the Hereafter. The concept of vicegerency is comprehensive in its meaning and implications. It provides uncountable values
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leading financial services provider in Malaysia‚ the Public Bank Group offers a comprehensive range of financial products and services covering‚ amongst others‚ personal banking‚ commercial banking‚ Islamic banking‚ investment banking‚ share broking‚ trustee services‚ nominee services‚ sales and management of unit trust funds‚ bancassurance and general insurance products Growth in the retail banking business is consistently focused on retail lending‚ deposit-taking and fee-based businesses. In the retail
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A charity for profit entity exists‚ and its role is to serve a charitable mission‚ but they are legally for profit. Profit charities basically focus on revenue and runs like a company. Their aim is generating profit for their company. Because it is a charity for profit‚ they have to pay taxes for the profit they made‚ while a nonprofit charity will not be taxed. Charites for profit can be categorized into two different sections. Firstly‚ the benefit corporation charities. They can maximize their
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Profile of Top 5 CEO in the Philippines 1.- Data show that 49-year-old Federico Lopez earns the most both in terms of monthly salary and total compensation in 2011. In the 30-company PSEi list‚ Lopez is head of two firms: First Gen Corporation (FGEN) and Energy Development Corporation (EDC). As Chairman and CEO of FGEN‚ his basic monthly salary is around P1.79 million. Yup‚ that’s P1.79 million basic salary per month. He receives another P1.19 million per month as bonus and additional compensation
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pre-pack administration in both United States and United Kingdom. To amplify‚ features of pre-pack administration will be listed firstly‚ following by pre-pack situation in both countries‚ including procedure‚ aspects related to court‚ practitioner (trustee) and creditors and specific requirements such the Schedule B1 of Insolvency Act 1984 in UK and section 1129 in US Chapter 11. Then‚ this article compares the main features involved in the pre-pack in two different countries. In the end‚ the essay
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Title: Estate Planning For the Elderly Course: TAX 6405-Gift‚ Estate‚ and Trust Taxation Table of Contents * Introduction * Power of attorney * Trusts * Wills * Joint ownership of assets * Lifetime gifts * Long term care insurance * Conclusion Introduction You may have heard a phrase like‚ “70 is the new 50.” There are large numbers of seniors living into their 80s and 90s. Estate taxation and planning has become a bigger concern‚ especially for baby boomers
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WOOSTER — The president of Chippewa Township’s zoning commission had a simple‚ two-sentence amendment for which he sought a recommendation for approval from the Wayne County Planning Commission. The amendment would add a new subsection: Medical and Recreational Marijuana. The text is “Commercial cultivation‚ processing and retail dispensing of medical marijuana are not permitted within the boundaries of Chippewa Township.” Sayre told commission members Wednesday it was his understanding when state
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Research essay Forming a contract there must be six essential elements which are acceptance‚ consideration‚ intention to be legally binding‚ capacity of the contract and finally legality of the promises.1To archive an agreement between the offeror and offeree there is a formula whereby offer+ acceptance=agreement.2An offer has to be created firstly. An offer means the indication by one person to another of his willingness to enter a contract with the other person on curtain terms.3An offer can
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Executive Summary of ‘Lazarus’ with ‘Pre-GAAR Steps’ This document covers: 1. 2. 3. 4. 5. 6. 7. 8. Suitable clients The GAAR Lazarus with Pre-GAAR Steps Benefits and risks Tax Counsel Costs Fee Clawback Service Timelines SUITABLE CLIENTS Suitable clients are companies with annual pre-tax profits exceeding £250‚000. THE GAAR The General Anti-Abuse Rule‚ or the “GAAR”‚ is new legislation which will come into effect at Royal Assent of the 2013 Finance Act. This is expected to be mid-July. Under the
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