An assignment on tax free and tax saving investment. Group 6 members: Oduwole femi moses 09aa08565 Offoma ruby 09aa08566 Ofodile nnamdi 09aa08567 Ogbebor iyayi evans 09aa08568 Ogodeton Kelvin 09aa08569 Ogubanjo oluwatobi 09aa08570 Ogunfuye oluwayomi 09aa08571 Ogunnbi eniola 09aa08572 Ogunjemilusi olorunfemi 09aa08573 Ojesanmi temitope 09aa08574 Okafor chioma 09aa08575 Okagbuzo uwaremeo 09aa08576 Okocha desmond 09aa08577 GROUP LEADER: OGODETON
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Corporate Tax Levies Learning Objectives After studying this chapter‚ the student should be able to: 1. Calculate the corporation’s alternative minimum tax liability (if any). 2. Determine whether a corporation is a personal holding company (PHC). 3. Calculate the corporation’s PHC tax. 4. Determine whether a corporation is liable for the accumulated earnings tax. 5. Calculate the amount of the corporation’s accumulated earnings tax.
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Usually there will be some conflict where there is opposition to proposals to develop land; Developments typically include: new build such as housing estates; wind farms; power stations; by-passes; factories; open cast mining etc. OR changes of use such as the redevelopment of existing buildings; How land is used is usually determined by Market processes and the Planning process – usually a mixture of the two. The market process is where the developer makes a proposal to develop land based on
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»The effects of corruption on firm performance« Ljubljana‚ 27.5.2014 ABSTRACT In this seminar project we are going to present some of the basics of the effects that corruption has on firm performance. At the beginning of the paper we are going to describe the spread of corruption across companies‚ its consequences and why it is good to avoid it in general. Examples supporting those facts will be provided. We are going to mention some concrete effects on firms‚ most of which are negative
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TEST 1 Correct Response Indicate whether each of the items listed below would be included (A) in or excluded (B) from gross income for the 2012 tax year. 1. Alimony | | 2. Lottery winnings | | 3. Life insurance proceeds received upon the death of a family member | | 4. Child support payments | | 5. Reimbursement of hospital expenses from a health insurance plan | | 6. Municipal bond interest | | 7. Unemployment compensation | | 8. Scholarships for tuition and books | | 9
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SYMBIOSIS INSTITUTE OF MANAGEMENT STUDIES Goods & Services Tax Report submitted to Dr. Dhirendra Deshpande in partial fulfillment for the degree of Masters in Business Administration Symbiosis International University‚ Pune Abstract: This report is an attempt to understand the impact of GST on Indian economy. The report defines Sales Tax and Value-Added Tax (VAT). It then looks at the Goods and Services Tax (GST) design in India which has been adapted to suit the Indian taxation
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taken by the beneficiaries. In the tax of tax fraud the bond referred to here are actually non-existent and are never enforceable in the tax authorities decide to exercise the right to take the bond such as failure to pay an installment on a tax deficiency or tax return. Another criminal offense is the declaration that there are already permits that the taxpayer has procured from the local government and the cost of such permits is deducted in the income tax return as an
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------------------------------------------------- FINC5001 Capital Market and Corporate Finance ------------------------------------------------- Workshop 5 – Capital Budgeting II 1. Basic Concepts Review a) In applying Net Present Value‚ what factors do we include‚ and what factors do we ignore? Use cash flows not accounting income Ignore * sunk costs * financing costs Include * opportunity costs * side effects * working capital * taxation * inflation
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What is Capital Gains Tax? Computation of Capital Gains Tax Any profits or gains arising from the transfer of a capital asseteffected in the previous year shall be chargeable to income-tax under the head ‘Capital Gains’. And shall be deemed to be the income of the previous year in which the transfer took place. Capital gain is chargeable to tax on accrual basis. Kinds of Capital Gains “Short-term capital gains” gains arising from the transfer/sale of acapital asset held by an assessee for not
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Tax & Taxation The term ’tax’ has been derived from the French word taxe and etymologically‚ the Latin word taxare is related to the term ’tax’‚ which means ’to charge’. Tax is an obligatory payment in the part of the citizen without the expectation of any direct benefit. Taxation is the obligation of non-penal‚ yet compulsory transfer of resources from the private to the public sector levied on a basis of predetermined criteria and without reference to specific benefit received. It is one of the
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