be made when a new corporation is formed or may reflect additional capital contributions to an existing corporation. Without Section 351‚ a sole proprietorship or a partnership would have difficulty adopting the corporate form of organization for legal and/or tax purposes because the transfer of appreciated property would constitute a taxable transaction in a recognized gain. The deferral of gain or loss under Section 351 can be justified because the assets have merely been transferred to a corporation
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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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Definition of Tax “Taxes are compulsory payment to government without expectation of direct return in benefit to the tax payer” According to section 2 (62) of the ITO (Income Tax Ordinance) 1984: “Tax means the income tax payable under ordinance and includes any additional tax‚ excess profit tax‚ penalty‚ interest‚ fees or other charges leviable or payable under this ordinance.” Characteristics of Tax i. Tax is a payment to the government by the people. ii. Payment of taxes is non-penal
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Traditional Marriage or Non-Traditional Marriage‚ That is the Question Teresa Brasaemle PHI 103 Instructor Bence May 18‚ 2014 The argument that will be assessed is “In Defense of Traditional Marriage”‚ Anderson presents the question: “Should the government recognize same-sex relationships as legal marriages?” (Anderson‚ R.T.‚ 2013). However‚ the author does offer numerous premises in relation to the argument that do help in the support of the conclusion that the marriage laws should remain
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Cyber Security in Business Organizations Dattatreya Shodhan SU200173813 Strayer University CIS500 Dr. Darcel Ford 05/16/15 Abstract Cyber Security is a need for all the business organizations these days‚ it is an important business continuity planning issue which should
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Form 2106 Department of the Treasury Internal Revenue Service (99) OMB No. 1545-0074 Employee Business Expenses ▶ 2011 ▶ See separate instructions. Attach to Form 1040 or Form 1040NR. Your name Occupation in which you incurred expenses Trudy Santiago Attachment Sequence No. Social security number Senior Dental Hygienist Part I 123 45 129 6788 Employee Business Expenses and Reimbursements Column A Other Than Meals and Entertainment Step
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What Is the Current Status of Minorities in Business Organizations? To find the current status of minorities in business organizations I first had to define minorities. I found minorities to be best described as a person who is a citizen or a lawful permanent resident of the United States and who is either one or a combination of: African American‚ Alaskan Native and/or American Indian‚ Asian American‚ Hispanic or Women. Statistics showed growth in the number of minorities in corporate management
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-------------------------------------------------------------------------------------------------------- B.Com (All Streams) I Year W.E.F.2008-09 BUSINESS ORGANIZATION AND MANAGEMENT Time: 60 Minutes Record : 10 Skill Test : 20 Total Marks : 30 1. Present the important features of business transactions in the form of a poster. 2. Prepare a Chart showing difference between business‚ profession and employment. 3. Prepare a Chart showing classification of industries 4. Prepare a chart of
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Organization Early in human existence people learned that their individual efforts often fell short of success. They found that they were unable to accomplish many tasks that require more than individual effort. Therefore the necessity of group activity was discovered relatively early in human existence. Group activity could be aimed at some higher‚ more complex set of goals and could thus bring greater benefits to all concerned. This quality of group activity must be counted as one of the chief
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distributed CD. Defining the Problem As new parts are added to the catalog‚ ABC is not aware of their availability until the new catalog or CD is published‚ which is on a monthly basis. Consequently‚ when the part is not located within the catalog‚ business is often lost to competitors. In addition‚ the printed copy or CD can be misplaced or damaged along with those who fail to utilize updated copies or media. Another problem identified is the current manual ordering process for items listed in the
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