2013 Travel industry Cauchies Christophe About the importance of the travel industry in the economy The travel industry is one of the biggest industries worldwide. Figure 1 shows the total –direct and indirect - contribution of the travel and tourism to the growth in each area of the world. Surprisingly more than 5% of the Asian growth is due to this industry. It represents 3% of the worldwide growth. Around 9% of the global GDP are – from one way or another – due to travel & tourism
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Deduction under section 33AB is allowable against composite income and not against only 40% of composite income- A case of un-necessary litigation by revenue in case of Tea Companies . Computation provision: Section 33AB is a provision relating to allowing deduction from business income. It falls under Part “D” of Chapter IV of the Income-tax Act‚ 1961. This part consists of various sections from section 28-44DB. As per section 29 the income referred to in section 28 shall be computed in accordance
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SOURCES OF BANK’S INCOME A bank is a business organisation engaged in the business of borrowing and lending money. A bank can earn income only if it borrows at a lower rate and lends at a higher rate. The difference between the two rates will represent the costs incurred by the bank and the profit. Bank also provides a number of services to its customers for which it charges commission. This is also an important source of income. The followings are the various sources of a bank’s profit: 1
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expected to be repaid these funds in no more than one year. In October baker’s ownership interest in the firm was sold out equally to Able and Cabot‚ with Baker receiving a total of $110‚000 in notes and cash from Able and Cabot. The firm had $12‚000 net income for the year. Able and Cabot planned to incorporate the firm as of January 1‚ 20X2. Prepare a statement of invested capital for the partnership as of December 31‚ 20X1. 20X2: The firm was incorporated on January 1‚ as planned. The articles of
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------------------------------------------------- Tourism and Travel Distribution: the Travel Agent’s Perspective By Dr Marion Bennett and Dr Dimitrios Buhalis‚ Centre for eTourism Research (CeTR)‚ School of Management‚ University of Surrey‚ Guildford Jan 2003 Summary The Internet has revolutionised the tourism industry and has generated a number of challenges and opportunities for all players. For travel agents‚ in particular‚ the Internet is changing the industry structure and consumer behaviour
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Criminality has been sociologically defined as a form of deviant behavior from the norm and the acceptable rules of society. A more generic definition of criminality is a behavioral predisposition that disproportionately favors criminal activity. It is based on the premise that the act or acts committed by an individual violates the natural rights that are given to the person by birth and or by right. The statement “Are criminals born‚ or made?” is wide reaching and still the subject of many debates
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Travel is a very good means of broadening a person’s perspective. It makes us come into contact with different cultures‚ meet people of different colors and enjoy different experiences. Travel may also relieve person of boredom‚ which brings us enjoyment and attraction. It gives you a pleasant experience‚ which will disperse our boredom and make us forget whatever annoys us. Travelling much‚ we will not only enrich our knowledge and experiences‚ but also be aware of the Magic of nature. I don’t
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all of you said that you planned to travel someday. So‚ why not do it sooner than later? One of the reasons for not traveling that many of you put is not having time because of school or work. Also‚ one of your major concerns is budgeting. Between budgets and busy schedules‚ it is not always easy to set aside time and plan a getaway. PROPOSITON Getting away‚ even for a short period‚ can do wonders for your well being‚ so you really cannot afford to not travel. BODY (TRANSITION: First‚ I will
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entrepreneurs. The general public tend to think that poor people are generally poor because they are lazy and unwilling to work. This is based around the idea of income inequality‚ where Americans believe that the more effort someone puts to find employment and completing their job‚ the more money they will make in the long run. But is income inequality truly the reason why there are so many
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Reimbursements for Expenses By Nancy Smyth | Submitted On January 26‚ 2011 Recommend Article Article Comments Print Article Share this article on Facebook Share this article on Twitter Share this article on Google+ Share this article on Linkedin Share this article on StumbleUpon Share this article on Delicious Share this article on Digg Share this article on Reddit Share this article on Pinterest Expert Author Nancy Smyth Handling employee reimbursements for business related expenses‚ including mileage
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