Tax is of two types Direct Tax and Indirect Tax. Direct Tax is the tax‚ which is paid directly by people to the government‚ while indirect tax is the tax‚ which is paid indirectly by people to the government. Income Tax is paid directly to the government therefore it is a direct tax while excise duty is paid by people to the manufacturer who pays it to the government‚ therefore it is an indirect tax. The Constitution of India (COI) has given power to levy tax to central and state government
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About ten million cigarettes are sold around the world on a daily basis. Facts like that make one wonder of the effects that come along with smoking cigarettes. Although cigarette consumption is a growing market around the world‚ its production and sale should be made illegal due to its addictive additives‚ the physical toll it take on one’s body and the growing use of e-cigarettes. Addiction is a condition that results in a recurring behavior of a pleasurable substance or activity that becomes
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MEMORANDUM To: S. Partner‚ C.P.A. From: Nicole J. Badalamenti‚ J. Accountant Date: August 27‚ 2012 Subject: Mr. B. Potato I FACTS Mr. B. Potato‚ a wealthy real estate investor‚ recently purchased a house on a parcel of land for $400‚000. The house was appraised at a value of $300‚000 and the land had an appraised value of $100‚000. Mr. Potato plans to tear down the house and replace it with a new house worth $1‚500‚000 with the intentions of living in
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E- Cigarettes vs. Menthol Tobacco Cigarettes LaVera C. Bellins Colorado Technical University E- Cigarettes vs. Menthol Tobacco Cigarettes This is a comparison and contrast essay about the E Cigarette vs. the Menthol tobacco cigarette and how the differences could suggest that‚ electronic cigarettes have better health advantages than smoking regular menthol cigarettes. The “e-cig” theoretically can be used as an aid to eventually quit smoking completely. Also a brief
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Addiction of People in Cigarettes A research paper Presented to Mrs. Butch Castillo – Cabanig Paliparan National High School In Partial Requirements for English IV By: Joesbee Mae P. Obiena February 2014 Approval Sheet The research paper attached here to entitled “Addiction of People in Cigarettes” Is preferred by and submitted by: Joesbee Mae P. Obiena In partial fulfillment of the requirements in English IV is hereby accepted _______________________________________
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Morgan Gillespie Professor Carr English Composition 1 November 25‚ 2012 What are Poll Taxes? A poll tax is a tax that costs the same for everyone no matter what their income or property is. In the United States‚ a poll tax is used to refer to a sum of money that people were required to pay in order to vote. Poll taxes were levied by the governments of John of Gaunt in the fourteenth century‚ Charles II in the seventeenth and Margaret Thatcher in the twentieth century. Most couldn’t afford
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Where Do Income Tax Dollars Go Opening up an envelope on the first of the month to reveal ones monthly pay is a surprise in itself. After arriving down at the bottom of the pay stub it seems that half of the paycheck goes to the government. Where does the money go? Where do income tax dollars go? On that pay stub there are three places ones tax dollars go to and they are social security‚ healthcare‚ and defense spending. The first line that appears on a pay stub is social security tax. Where does ones
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Edinburgh Napier University/SCOPE of City U Hong Kong Taxation LECTURE 1: Salaries tax and salaries tax planning‚ Double taxation arrangement with Mainland China Outline |Salaries tax | |- |Scope of charge‚ format and presentation of salaries tax | |- |Locality of employment
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year old‚ Singaporean citizen‚ who has a 6 months contract to play football in Australia. He has leased an apartment in Australia for six months and leased out his own furnished apartment in Singapore. He should not be considered as a resident in Australia and therefore his income should not be assessable due to the following reasons. Residency status is the main issue in the above case as this will determine Jamil’s liability in regards to Australian income tax. Statutory definition of an Australian
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the federal tax on cigarette prices by 61 cents. Recently the Obama Administration’s budget request for FY 2016 calls for increasing the federal tobacco tax by 94 cents‚ to a total of $1.95 per pack. The federal revenue funds the State Health Insurance Children’s Program; also‚ states can impose their own tax on tobacco (Fiscal Year 2016 Budget of the U.S. Government). The raise in tobacco tax was passed to discourage usage and provide significant revenue however‚ others feel the tax is unfair to
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