CAPITAL GAINS According to income tax act 1961 ‘capital gains’ is the fourth head of income. Any profit or gains arising from the transfer of capital assets during the P.Y. shall be chargeable to income tax under the head capital gains and shall be deemed to be the income of P.Y. in which the transfer took place. Thus from a plain reading – Profits or gains earned on the sale of capital assets by an assessee during the P.Y. is called as capital gains. Meaning of Capital Asset: Capital asset means
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Hire purchase is an agreement between two parties in which one party purchase any asset from other party. Because he has no money to pay‚ so he pays per month hire charges. Vendor has the possession of asset. When buyer pays total price of assets in the form of hire charges‚ then asset is transferred to its purchaser. Vendor may also transfer asset before last payment of installment on his own risk. If buyer will become defaulter‚ vendor has right to get his asset from hire purchaser. Accounting
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objectives of a business. It can make many contributions to the success of that organization through its key role as one of the organizations’ boundary-spanning functions. Purchasing can gain important information about new technologies‚ potential new materials or services‚ new source of supply‚ and changes in market conditions through external contact with the supply market. To take advantage of market opportunities by communicating this competitive intelligence‚ purchasing can help reshape the business’s
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Kraft’s Acquisition of Cadbury The Kraft Foods Group Inc. (“Kraft”) operates in the food and beverage industry. Kraft is the U.S.’s #1 food company and #2 in the world (after Nestlé) in sales according to Hoover’s 2009. Their competitive advantages are: global scale [distribution around 150 countries‚ (LexisNexis‚ 2012)]; modern technology‚ equipment and R&D (“Kraft deploys SAP Tech. platform”‚ 2008); their partnerships with companies like AOL TWX‚ Rainforest Alliance‚ etc. (“Kraft Foods partners
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be economic planning‚ Federal Aviation Regulations (FARs) compliance and most importantly liability protection planning. As buying aircraft involves an expenditure of hundreds of thousands of dollars‚ the entire process consists of significant pre-purchase inspection issues. This article will highlight those various issues along with mechanic’s dilemma who perform the inspection and identify some high level recommendations before purchasing aircraft because pre-buy prevention is better than all unwanted
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Smokers Get a Raw Deal Stanley S. Scott Stanley S. Scott (1933-1992) was vice president and director of corporate affairs of Philip Morris Companies Inc. This essay originally appeared on December 29‚ 1984‚ on the op-ed page of the New York Times. The Civil Rights Act‚ the Voting Rights Act‚ and a host of antidiscrimination laws notwithstanding‚ millions of Americans are still forced to sit in the back of planes‚ trains‚ and buses. Many more are subject to segregation in public places
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Capital One Financial Corporation 1. How is Capital One’s use of IT different from other mass customization strategies? Capital One uses IT through its information-based strategy (IBS) to “record‚ organize‚ and analyze data on the characteristics and behaviors of their customers‚” as stated by CEO Richard Fairbank. Their philosophy was to exploit information by constructing scientific models that could be used to both assess the creditworthiness of potential cardholders through
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Hounsfeild Tensometer Torsion Tensile Tester Vickers Hardness Tester. Summery introduction This project will go into depth of the usage of material selection. After being paired with a fellow student we were given the task of testing 0.1% Carbon Steel‚ 0.4% heat treated steel along with a unknown specimen. To test these materials I will be using 4 types of methods Visual Inspection Hounsfeild Tensometer Torsion Tensile Tester Vickers Hardness Tester. Visual test While
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Retail……………………………………………………………………………….. 6 Sales Tax and Online Purchases…………………………………………………………………. 8 Amazon……………………………………………………………………………………………………….. 11 Conclusion…………………………………………………………………………………………………… 13 References………………………………………………………………………………………………….. 14 Abstract Online shopping has grown increasingly popular through the rapid advances of the internet. Technology has grown so fast that some laws haven’t been created‚ such as a sales tax for online purchases. The Senate is actually working on a bill to
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Did I really Eat That? While reading the excerpt‚ Why the Fries Taste Good from the book Fast Food Nation by Eric Schlosser‚ one finds themselves on a journey of the evolution of the french fry. At the beginning of the excerpt‚ Schlosser writes about a young boy named J.R. Simplot who built a potato empire from nothing and how his many advances in the potato industry made the frozen french fry available to fast food chains everywhere. Schlosser then investigates the many “natural” and “artificial”
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