Training Report On “Tax Deduction At Source” Submitted In Partial Fulfillment Of The Degree Of “Masters of Business Administration” By GOURAV GUPTA MBA (2010 – 12) Roll No.50-MBA-10 THE BUSINESS SCHOOL UNIVERSITY OF JAMMU KATHUA CAMPUS CERTIFICATE This is to certify that Gourav Gupta ‚ student of M.B.A – III Semester‚ Roll no. 50-MBA-10 is a bonafide student of this institute. He has completed the project report on the topic “Tax Deduction At Source” under the supervision
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normal duties‚ gives rise to assessable income.1 Nonetheless‚ her normal travel expenses from home to the place of employment or business are not deductible under Section 8-1 as such costs are not qualified to satisfy the positive limb of the general deductions provisions‚ that is‚ they are not sufficiently related to the production of assessable income.2 Rather‚ the normal travelling expenses are incurred because of a private choice to live somewhere far away from the work place‚ thus they are not deductible
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more credible this time around. Scientific research makes it possible for a hypothesis to be supported by different types of test or investigations. A research may be more scientific and useful when the data gathered and conclusions made are precise which then makes the researcher more confident about it. Accuracy is important in research because it illustrates the close-to-perfect or how exact the findings are based on samples. The closer it is to perfection means would give the researcher and
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that it’s too late for them to start saving for retirement. While having only 15+ left to save a nest egg seems daunting‚ there are some accelerated retirement tactics that can help you earn as much money as quickly as possible. 401(K) to the Max - How powerful is a 401(K)? According to an Investopedia article‚ a 401(k) can provide you with a more savings that you’d expect. For example‚ if you’re 40 years old and donate $17‚500 to a 401(k) yearly‚ with an 8% return (with no employer contribution)
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The proof that categories of the understanding and a transcendental unity of apperception are necessary condition for the possibility of experience is what Immanuel Kant claims to be the “Transcendental Deduction”. By this‚ Kant intends to address and attack one main problem: how we‚ as humans‚ can know that the categories apply to experience. From logic‚ we can easily conclude that empirical concepts are applicable to experience due to the simple fact that they are derived from experience in the
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taking advantage of all of the deductions you qualify for. Most people who own a home based business or work from home have a home office. You can take advantage of numerous tax deductions due to having that designated space. Your home office must be use strictly for business. It must also be the place that you primarily do business from. In other words you cannot have an office outside of your home that is used for your home based business and still take tax deductions for your home office. When
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I:6-33 For or From AGI Deductions. Roberta is an accountant employed by a local firm. During the year‚ Roberta incurs the following unreimbursed expenses: Travel to client locations $750 Subscriptions to professional journals $215 Taking potential clients to lunch $400 Photocopying $60 a. Identify which of these expenses are deductible and the amount that is deductible. Indicate whether they are deductible for or from AGI. Travel to client locations would be from AGI and would
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Collection and Deduction of Income Tax at Source (Withholding Agents Perspective) (Taxpayer’s Facilitation Guide) Brochure – IR-IT-04 July 2011 Revenue Division Federal Board of Revenue Government of Pakistan helpline@fbr.gov.pk 0800-00-227‚ 051-111-227-227 www.fbr.gov.pk Our Vision To be a modern‚ progressive‚ effective‚ autonomous and credible organization for optimizing revenue by providing quality service and promoting compliance with tax and related laws Our Mission
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you’re not claiming all the deductions you are entitled to. There can be other reasons too‚ such as you’re not paying as you go‚ your business has not been established as the correct entity type for your particular business‚ and you aren’t properly planning. Many business owners‚ however‚ don’t realize‚ how much they can save on taxes by investing more in their business and claiming the tax deductions the law allows. By spending a few hours to understand all the deductions you are entitled too‚ you
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introduced in the article‚ the mortgage interest deduction and the annual tax credit proposed by Bowles Simpson Commission. The former one allows home owners to lower tax bills by deducting interest on home mortgages from their taxable income‚ while the latter makes the mortgage interest a refundable tax credit. It has been a controversial topic whether the mortgage interest deduction should be replaced by tax credit‚ whereas it seems the drawbacks of tax deduction have outweighed its benefits nowadays and
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