Group Assignment On Computation of Income and Tax Liability of an Individual Subject-ACT 322 Section-2 Prepared For Professor Mahbubur Rahman (MbR) Prepared By Nymul Hasan Taseen (083 414 030) Sharafat Halim (091 0615 030) Abu Syed Arik Kibria (091 0622 030) Abdullah Mohammed Zoboer Abhi (092 0096 030 - From Section 1) Date of Submission – 21st April‚ 2012. Of all the direct taxes‚ Income Tax ranks foremost. By nature and heritage‚ many of us tend to be just “free riders”
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What are the main features of hard determinism? According to The Cambridge Dictionary of Philosophy‚ hard determinism is the theory that ‘every event or state of affairs is brought about by antecedent events in accordance with universal causal laws.’ This theory of determinism is therefore supportive of human behaviour being predictable‚ that free will is an illusion and that moral responsibility is redundant. One key feature of hard determinism is the view that free will is an illusion. To elaborate
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Olivia McCampbell Geronimo by Joseph Bruchac Loss a Main Theme “Geronimo” Geronimo and the Apache tribe dealt heavily with death throughout the book. The Apache tribe had beliefs that differed greatly from “white eyes” that brought depth and insight to the understanding for Geronimo and his people. “White eyes” would bury their dead anywhere available and would not pay special attention to those left behind such
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for determining whether an item is deductible as an expense under § 162 or under § 212 is that a. production of income expenses are not deductible. b. § 162 business expenses usually are deductions for A.G.I.‚ while § 212 production of income expenses usually are miscellaneous itemized deductions. c. § 162 business expenses are deductions from A.G.I.‚ while § 212 production of income expenses are deductions for A.G.I. d. it resolves certain ownership questions. 3. C purchased two cars in 2010
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PERSONAL COPY/ NOT FOR SALE OR CIRCULATION (Session 2012-13) INTRODUCTION HISTORY OF INCOME-TAX: 1. India’ trust with income tax dates back to 1859 when James Wilson‚ Finance member in the Council of India‚ came to the country to establish the tax structure‚ a new paper currency and to remodel the finance system. 2. A bill imposing tax on profits from property‚ professions‚ trades and offices was passed by the Legislative Council of India. It received the assent of the Governor General on July
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ECONOMICS GRADE 10 RESEARCH ASSIGNMENT CARL CHETTY WILLOWTON OIL AND CAKE MILLS CONTENTS * Introduction * History * Product and System * Contribution: Number of employees‚ Annual turnover‚ Employee turnover rate. * Conclusion * Bibliography Introduction Willowton oil and cake mills are a manufacturing industry based in Ohrtman Road‚ Pietermaritzburg. They manufacture products such as soap‚ cooking oil‚ butter‚ margarine and candles. They were established in 1970
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National income is a measure of the total value of goods and services produced in a country over a given period‚ usually a year. Simply‚ it is the total amount of income earned by the citizens of a nation. The term national income normally refers to the Gross National Product (GNP) of a country in a given year. GNP is a measure of the total market value of final goods and services produced by all the citizens of a nation in a year. There are three main approaches to measuring National Income these
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Sources of secondary sources in Pakistan Some are listed below‚ Agricultural & Livestock Products Marketing & Grading Dept. Agricultural Census Organization Azad Jammu & Kashmir Council Board Of Investment Bureau of Emigration & Overseas Employment Capital Development Authority Carrier Telephone Industries Centre For Applied & Molecular Biology Central Cotton Research Institute Central Drugs Laboratory‚ Defence Housing Authority‚ Karachi Central Inspectorate
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AGRICULTURAL INCOME What is agricultural Income Section 2(1A) (a) any rent or revenue derived from land which is situated in India and is used for agricultural purposes; (b). any income derived from such land by agricultural or by the process employed to render the produce fit for market or by sale of such produce by a cultivator or receiver of rent-in-kind; (c). any income derived from a building provided following conditions are satisfied: - (i). The building is situated on or immediate
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History Income tax levels in India were very high during 1950-1980‚ in 1970-71 there were 11 tax slabs with highest tax rate being 93.5% including surcharges. In 1973-74 highest rate was 97.5%. But to reduce tax evasion tax rates were reduced later on‚ by "1992-93" maximum tax rates were reduced to 40%. [2][3] [edit]Residential status‚ Scope of taxable income & Charge [edit]Charge to Income-tax Whose income exceeds the maximum amount‚ which is not chargeable to the income tax‚ is an assesse
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