How to save tax in 2013: Your guide to planning The most important rule of tax planning is that it is no different from financial planning. The Section 80C offers a wide range of options‚ each suited to a different need. Choose an option that fits into your overall financial plan‚ not because it offers good returns or your brother-in-law is selling it. It is easier to identify the best option if you do not leave tax planning for the dying days of the financial year. You get a rough idea of
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Financial Market and Financial Instruments Market is simply defined as an area for potential exchanges. Thus market is a group of buyers and sellers interested in negotiating the terms of purchase or sales of goods and services. Similarly‚ financial market is that market is traded- loaned or borrowed-in-terms of different financial assets or instruments stocks and bonds are traded. "Securities" means shares‚ stock‚ bond‚ debenture‚ debenture stock issued by a corporate body or a certificate to unit
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What is Stamp Duty Land Tax? Stamp Duty Land Tax (SDLT) is generally payable on the purchase or transfer of property or land in the UK where the amount paid is above a certain threshold (£40‚000 or more). In addition most UK land and property transactions must be notified to HM Revenue & Customs (HMRC) on a Stamp Duty Land Tax return within a certain time limit - even if no tax is due. What value is SDLT charged on? Stamp Duty Land Tax (SDLT) may be payable when property or land is bought
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A PROPOSAL ON: EFFECTIVE TAX MANAGEMENT AND LOCAL GOVERNMENT REVENUE GENERATION NAME: OKORO EMMANUEL MATRIC NO.: P/HD/10/3610072 INSTITUTION: YABA COLLEGE OF TECHNOLOGY FACULTY: MANAGEMENT AND BUSINESS STUDIES DEPARTMENT: ACCOUNTING SUPERVISOR: Dr. S. F. Akinbuli 1. Background to the Study Who would invest in a company without reliable financial statements? Integrity is the hallmark of the accounting profession and stakeholders rely on their work product. For a long time
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Subject: FINANCIAL MANAGEMENT Course Code: M. Com Lesson: 1 Author: Dr. Suresh Mittal Vetter: Dr. Sanjay Tiwari FINANCIAL MANAGEMENT OF BUSINESS EXPANSION‚ COMBINATION AND ACQUISITION STRUCTURE 1.0 1.1 1.2 Objectives Introduction Mergers and acquisitions 1.2.1 Types of Mergers 1.2.2 Advantages of merger and acquisition 1.3 1.4 1.5 Legal procedure of merger and acquisition Financial evaluation of a merger/acquisition Financing techniques in merger/Acquisition 1.5.1 Financial problems after merger
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“Financial statements are like fine perfume; to be sniffed but not swallowed.” - Abraham Briloff (Professor Emeritus of CUNY Baruch) ACCOUNTING: Accounting is defined by the American Institute of Certified Public Accountants (AICPA) as "the art of recording‚ classifying‚ and summarizing in a significant manner and in terms of money‚ transactions and events which are‚ in part at least‚ of financial character‚ and interpreting the results thereof." ACCOUNTING AND ITS ROLE IN SOCIETY:
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irregularities. Auditors should have looked closer at the complex and complicated SPEs transactions in whish the company was venturing. What is the Emerging Issues Task Force (EITF)? Is it the same as FASB? Does a Consensus of the EIFT have the same power of GAAP as an FASB Statement? No they are not the same. The EITF was formed in 1984 in response to the recommendations of the FASB’s task force on timely financial reporting guidance and an FASB invitation to Comment on those recommendations. Task
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progressive economy. It was then that India saw the emergence of new sectors such as information technology‚ telecom‚ and the rapid growth of service sectors like hospitality‚ banking‚ retail and entertainment. All of which led to the growth of the Indian financial system. Deregulation of industries coupled with participation from foreign investors marked the beginning of the era of large scale mergers and acquisitions (M&A) in India. Recent notable deals such as Vodafone-Hutchison Essar‚ Tata-Corus and Hindalco-Novelis
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for her support. The remainder of Anne’s support was provided by her mother‚ Amanda. Amanda also provided the entire support for Alex Jr. for 2011. Alex Jr. is in elementary school (born May 14‚ 2002). | Issue: | How should Amanda file 2011 tax return? | Authorities: | IRC § 6013 (a)IRC § 2 (b)IRC § 152 KNOCHELMANN‚ JR. v. COMM.‚ (sixth circuit) Cite as 108 AFTR 2d 2011-6011‚ 08/30/2011 ‚ Code Sec(s) 152; 151; 21; 24; 1; 2 | Conclusion: | Amanda should file her request as a separate return
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BUSN1002 Financial Accounting Processes Semester 2‚ 2013 LECTURE OUTLINES 1 – 6 Topic Coordinator: Philip Palmer Room 3.70 Law and Commerce Building Email: philip.palmer@flinders.edu.au Ph: 8201 2013 FLINDERS UNIVERSITY FLINDERS BUSINESS SCHOOL BUSN1002 Financial Accounting Processes Philip Palmer Lecture Outline 1 Introduction to Financial Accounting Reading: Hoggett et al.‚ Chapters 1 and 2 1 Introduction to Accounting Accounting is an information system designed to
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