However‚ every income is taxable under income tax law‚ whether it is received in cash or in kind‚ whether it is capital or revenue income‚ but still some incomes are given exemption from tax. In this lesson we will study those incomes which are exempt from tax. Here are some of the important items of income‚ which are fully exempt from income tax and which can be utilised by a resident individual Indian assessee for the purpose of tax planning. ➢ AGRICULTURAL INCOME: Under the
Premium Tax Pension Taxation
“What’s Your Major?” At a young age‚ we’re always asked “What do you want to be when you grow up?” My answer at first was to be a social worker. As time passed and I got older that same question was asked again but this time my answer wasn’t a social worker but a cop. Every time that one question was asked‚ my answer would change maybe it was because of the situation I was in and the help I would get from the police‚ social worker‚ and teachers it made me admire them. Time once again went by and
Premium Question Interrogative word Answer
Fixed Income Securities Chapter 2 Basics of Fixed Income Securities Problem Set (light version of the exercises in the text) Q3. You are given the following data on different rates with the same maturity (1.5 years)‚ but quoted on a different basis and different compounding frequencies: • Continuously compounded rate: 2.00% annualized rate • Continuously compounded return on maturity: 3.00% • Annually compounded rate: 2.10% annualized rate • Semi-annually compounded rate: 2.01% annualized
Premium Bond Bonds
Patricia Pupo Professor Matthew Sang PHI 2604 26 November 2014 Income Distribution This essay will discuss if current income distribution has a negative impact in the society because of the inequality that exists. What is income distribution? It is how a national income is split between different groups. Rights theory worries as the name says it‚ about people rights‚ and action is good if it respects the people’s rights. There are two kinds of rights‚ positive and negative. The first one relates
Premium Rights Economic inequality Distribution of wealth
component of the Income Statement and the Balance Sheet Determine how Income Statement and Balance Sheet are use in making financial decision 1 6/23/2014 BASIC Terms • FINANCIAL STATEMENT represent a formal record of the financial activities of an entity. These are written reports that quantify the financial strength‚ performance and liquidity of a company. It reflect the financial effects of business transactions and events on the entity. • INCOME STATEMENT also known
Premium Generally Accepted Accounting Principles Income statement Balance sheet
How weather effect your mood? Weather can have more than a little impact on your mood. Researchers in Germany branched out beyond just sunny and cloudy and looked at temperature‚ wind‚ sunlight‚ rain and snow‚ air pressure‚ and how long the days were. The study was led by Jaap Denissen of Humboldt University in Berlin. The study had 1‚233 participants‚ all living in Germany at the time. Most of the participants were women‚ the average age was 28‚ with ages spanning from 13 to 68 years old. Study
Premium Management Project management Risk management
Everyday Applications What is your EQ? Lucas Ward 1. Imagine you’re on an airplane and it suddenly begins rolling dramatically from side to side. What would you do? (It would not be rolling. It would be pitching from side to side) answer- c. a little of A and B. 2. Imagine that you expect to earn an A in a course you are taking‚ but you get a C on your midterm exam. What would you do? Answer- A. Develop a specific plan to improve your grade‚ and resolve
Premium Thought Mind English-language films
"So have you decided what you want to major in yet?" asked my high school counselor as I sat before her trying to decide what my class schedule would be like for the following year. I wasnt sure how to reply to such a question considering it was one of the most important questions I could ever answer that would direct my life to its development. I began thinking about all the classes Ive taken throughout high school and there was one class that really stuck. A class I took my junior year as an elective
Premium Incandescent light bulb Fluorescent lamp High school
Income Inequality: The Gender Gap Income inequality has been‚ and continues to be‚ an issue among the different genders and ethnicities in the United States. The gap continues to widen not only between men and women‚ but also among other women when age‚ ethnicity‚ appearance‚ and physical limitation biases are taken into account. Men have historically been “superior” to women in many areas‚ including jobs and income. Many jobs are still considered better suited towards men and many of the jobs
Premium Gender Woman Gender role
Homework On National Income Answer Sketch for Selected Questions Dr. Patrick Toche April 2‚ 2011 1 Reference : Mankiw‚ Mankiw‚ Macro (7th)‚ Chapter 2‚ Problem 4. Suppose a woman marries her butler. After they are married‚ her husband continues to wait on her as before‚ and she continues to support him as before (but as a husband rather than as an employee). How does the marriage affect GDP ? What is your reaction to this ? Hints : GDP is a measure of recorded transactions only‚ not
Premium Gross domestic product Economic growth