Sources Of Income Tax Law Essays and Term Papers

  • Law On Personal Income Tax

    day 21 month 11 year 2007 LAW ON PERSONAL INCOME TAX (No. 04/2007/QH12) Pursuant to the 1992 Constitution of the Socialist Republic of Vietnam, which was amended and supplemented under Resolution No. 51/2001/QH10; The National Assembly promulgates the Law on Personal Income Tax. Chapter I GENERAL PROVISIONS...

    4096 Words | 17 Pages

  • the source of income tax juridiction in ghana

    TAXATION OF EARNINGS OF GHANAIAN FOOTBALLERS AND OFFICIALS AT FIFA 2010 By Isaac Nyame & Abdallah Ali-Nakyea of WTS Nakyea & Adebiyi (Tax Attorneys & Solicitors) Introduction The FIFA world cup Fiesta in South Africa came to a very successful end on Sunday, 11 July 2010...

    1983 Words | 3 Pages

  • LAW Personal Income Tax Notes

    Nature of the tax The income tax on individuals is a personal, direct tax levied according to the principles of equality, universality and progressivity, the income of individuals according to their nature and their personal and family circumstances. Article 2. Object of the tax The object of...

    15310 Words | 43 Pages

  • Income Tax

    INCOME TAX Introduction : The income tax is administrated Income Tax Ordinance, 1984 and the Income tax Rules, 1984 as well as notification made under the Ordinance. The charge of tax of a person depends on its resident ship. Total world Income of a resident is charged to tax in Bangladesh...

    2565 Words | 8 Pages

  • Income Tax

    Income tax An income tax is a government levy (tax) imposed on individuals or entities (taxpayers) that varies with the income or profits (taxable income) of the taxpayer. Details vary widely by jurisdiction. Many jurisdictions refer to income tax on business entities as companies tax or corporation...

    9475 Words | 28 Pages

  • Income Tax

    Form 1040NR) 8 Subtract line 7 from line 6. If zero or less, enter -0-. However, if line 7 is greater than line 6 in Column A, report the excess as income on Form 1040, line 7 (or on Form 1040NR, line 8) . . . . . . . 8 1560 Note: If both columns of line 8 are zero, you cannot deduct employee...

    950 Words | 2 Pages

  • Income Tax

    INCOME TAX NOTES Residential Status and Incidence of Tax According to Section 5 of the Income Tax Act the scope of total Income of an assessee depends on his residential status.On the basis of residential status assessee are classified under the following two categories: 1. Resident 2. Non-resident...

    1148 Words | 4 Pages

  • Income Tax

    The time has come. Filing Income Tax Returns is the priority now. A lot of us do not know what all is exempted from calculating the taxable income of an Individual. Well, here is the answer. The following points (for deductions) are to be kept in mind to avail the benefit of IT deductions: Deductions...

    342 Words | 2 Pages

  • Income Tax

    INCOME TAX To make sure that a project is appraised realistically the calculations should include the effect of taxation. This is likely to be the most significant of the taxes as it is charged on the profits made by the company, but it should be noted that taxable profits are not the same as the...

    498 Words | 2 Pages

  • Income Tax

    Asfa Javed Dated 6-06-2013 What is Income Tax? An income tax is a tax on individual earnings (income) that is paid to the national government.  In American English the term also applies to the same type of tax paid to city, state, or local governments, and is occasionally...

    1353 Words | 5 Pages

  • Income Tax

    Q1.Computation of taxable income from house property of Mr. Raja Ram for PY 2012-13 Case i. Self Occupied NAVDeductions u/s 24 (a)Interest on mortgage Income from House Property 1Case ii. Let Out (Residential)Step 1: MRV or FRV, w.e. is higher 6000 or 0Step 2 : Value at Step 1 or SR, w...

    298 Words | 1 Pages

  • Income Tax

    dengan penerapkan Manajemen Perpajakan (Tax Planning) untuk meminimalisir munculnya sanksi sanksi perpajakan yang dapat merugikan perusahaan, khususnya untuk PPh Pasal 21 atas penghasilan seluruh karyawan PT Jasa Marga (Persero) Tbk. Yang dimaksud dengan tax planning atau manajemen pajak adalah...

    711 Words | 3 Pages

  • Income Tax

    3 Incomes Which Do Not Form Part of Total Income 3.1 Introduction In this chapter, we are going to study section 10 which enumerates the various categories of income that are exempt from tax. Section 11 provides exemption in respect of income derived from property held under trust wholly for charitable...

    36765 Words | 112 Pages

  • Income Tax

    federal income tax. It helps to identify the different terms that are associated with income tax. It will point out how calculations are formed to paying taxes or getting a refund. This essay distinguishes the importance of your income and knowing what taxes you will be paying. Federal income taxes...

    1752 Words | 4 Pages

  • Income Tax

    University of Central Punjab * Assignment: Income tax return filling * Presented to: Prof Imran Shehzad * Presented by: Sami Elahi * Registration number: L1F11MCOM2077 * Date: 12-01-2013 Question (Case study) Tax year 2013 Mr. Sami is employee of a private...

    782 Words | 4 Pages

  • Income Tax

    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...

    1081 Words | 5 Pages

  • Income tax

    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...

    929 Words | 3 Pages

  • Income Tax

    History Income tax levels in India were very high during 1950-1980, in 1970-71 there were 11 tax slabs with highest tax rate being 93.5% including surcharges. In 1973-74 highest rate was 97.5%. But to reduce tax evasion tax rates were reduced later on, by "1992-93" maximum tax rates were reduced to...

    4860 Words | 14 Pages

  • Income Tax

    NCOME-TAX ACT, 1961* [43 OF 1961] [AS AMENDED BY FINANCE ACT, 2012] An Act to consolidate and amend the law relating to income-tax and super-tax BE it enacted by Parliament in the Twelfth Year of the Republic of India as follows :— CHAPTER I PRELIMINARY Short title, extent and commencement. 11...

    110773 Words | 265 Pages

  • Income Tax

    NAME: OGODETON KELVIN OKIEMUTE DEPARTMENT: ACCOUNTING COURSE CODE: ACC325 (ASSIGNMENT) MATRIC NO: 09AA08569 TOPIC: ‘Income tax is one of the major sources of revenue for all government in Nigeria and it is a factor to be recon with in both the state and the Federal Government body….It is...

    1636 Words | 5 Pages