used a comprehensive legal framework in order to implement it practically. The zakat workers used to be sent out to collect and to distribute the zakat by Prophet Muhammad S.A.W. In Malaysia‚ the implementation of zakat is practically the same as what had been done by Prophet Muhammad S.A.W. Generally‚ every state in Malaysia has its own zakat institution and has its own duty regulations. However‚ the effectiveness of the duties is based on several factors namely expansion of new resources for zakat
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C.S. Executive Tax Law Dec.09 Solved Ans. 1 Qn. 1. (A) Choose the most appropriate answer from the given options in respect of the following having regard to the provisions of the relevant direct‚ tax laws (i) Income-tax in India is charged at the rate(s) prescribed by — (a) The Finance Act (b) The Income-tax Act (c) The Central Board of Direct Taxes (d) The Ministry of Finance Solution: (a)The Finance Act (ii) Under the Income-tax Act‚ 1961‚ depreciation on machinery is charged on
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our president John F. Kennedy exhibited his decision making style and leadership qualities such as vision‚ delegation‚ focus‚ and ambition. His term was short lived‚ lasting only two years and ten months‚ but in that time he made a great impact on the United States and even the world. He was so important because he was a great leader in a time when the United States was in dire need of one. John F. Kennedy’s leadership qualities and decision making style reflected in the ways he responded to such
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INCOME(Round off U/s 288A) 3‚25‚000/- Deduction under Chapter VIA (W.N.3) Computation of Tax Payable by Mrs Rani for the Assessment Year 2013-14 PARTICULAR Tax at Normal Rate (W.N. 4) Tax at Special Rate (W.N. 4) AMOUNT 11500/3000/- Total tax 14‚500/- Add: Education Cess 2% Add: SHEC 1% 290/145/- Tax including Cess Relief 14‚935/0/- Tax Payable TDS/TCS/ Advance Tax 14‚935/3‚000/Self Assessment Tax u/s 140A 11‚935/- TAXABLE INCOME(Round off U/s 288A) 11
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“Boule de Suif” is a short story formed upon a prostitute and her experiences while escaping from her city during the Franco-Prussian war‚ while “Jewelry” is a story based upon the experiences of a widower as he realizes his dead wife’s misdeed. Both stories take place during the late 19th century in France‚ resembling the historical aspects of the country during that period. While both short stories take place at a different setting and situation‚ the common aspect which the author convincingly
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Indirect tax Section 1 This section is about applying your knowledge of VAT and using reference material to make recommendations or decisions. Task 1.1 (a) You have the following information about the taxable supplies of 4 businesses. For each of them‚ indicate whether they need to register for VAT immediately‚ or monitor turnover and register later. Tick ONE box on EACH line. Register now Monitor and register later A A new business with an expected turnover of £6000 per
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Mathematics is eyes‚ears‚heart‚lungs and above all the basic developing tonic of any human civilization.Maths develops‚Maths reforms and Maths benefits. If maths is removed then there will be no rational thinking.The logic will lose its sense and in the absence of all these vital components there will be no new inventions in the realm of science and business and all of a sudden there will be no difference human and animals.Without maths the whole world will go mad and economy will be badly affected
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What is Double Tax Avoidance Agreement (DTAA)? The “Double Tax Avoidance Agreement (DTAA)” or “Tax Treaty” is essentially bilateral agreements entered into between two countries‚ in our case‚ between India and another foreign state. The basic objective is to avoid taxation of income in both the countries (i.e. Double taxation of same income). Currently India has comprehensive DTAA or Tax Treaty with 84 other countries. Let’s take an example to understand how DTAA works; AnNRI residing in ABC
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08/15/2013 Whole Foods’ CEO Mr. Mackey’s online comments about Wild Oats clearly show (A‚ Affect) that he has strong negative opinions about the Wild Oats Company and its management team. On the other hand‚ Mackey spoke highly of Whole Foods‚ his own company. Mackey
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Tax Research Exercise 1 1) 147(c)(2)(C)(iii)Insolvent farmer.—For purposes of clause (i)‚ farmland which was previously owned by the individual and was disposed of while such individual was insolvent shall be disregarded if section 108 applied to indebtedness with respect to such farmland. 2) Federal Tax Regulations‚ Regulation‚ §1.351-1.‚ Internal Revenue Service‚ Transfer to corporation controlled by transferor Click to open document in a browser Reg. § 1.351-1 does not reflect P
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