Benefits of Filing your Income Tax Return 1. Standard Income Proof: ITR is considered a customary income proof not only in India but also globally. If you are looking for higher education or employment abroad‚ ITR is the largely accepted income proof. 2. Speeds your loan application process: Apart from a good credit history (or past repayment track)‚ the fact that you are filing your ITR regularly gives you speedier access to credit and at better terms -- although not necessarily a larger line
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The effect of the plain language movement on the rewriting of the Australian 1936 Income Tax Assessment Act is a case worth considering. It is an example of language evolution‚ with the legal profession moving away from the ’safe’ legal language to the more clear‚ concise‚ and accessible plain language. It also highlights the effect of plain language and its many advantages over the older legal language. In addition‚ the plain language movement is a live and current issue‚ not just in English speaking
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Calculating generator reactancesPower topic #6008 | Technical information from Cummins Power Generation Calculating generator reactances > White paper By Timothy A. Loehlein‚ Technical Specialist-Electrical Generator reactances are used for two distinctly different purposes. One use is to calculate the flow of symmetrical short circuit current in coordination studies. A second use for generator reactances are in specifications that limit the sub-transient reactance to 12% or less in order
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2009 Dear Miss McGeachin Comment to Exposure Draft Income Tax I appreciate the opportunity to comment on IASB’s Exposure Draft Income Tax. This letter expresses my personal views based on my experience with a very specific issue: deferred taxes arising from the differences that result from there being a functional currency and another currency that applies for corporate tax purposes. In most countries‚ the currency that applies for corporate tax purposes is the same as the country’s local currency
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Employee drain is a common problem that most of the companies in Hong Kong are facing‚ of course‚ included KMB. Actually‚ there are two main reasons: high working pressure and unfair treatment between full-time and part-time staff. As we all know‚ in each of the buses of KMB‚ a closed circuit television (CCTV) has been installed around the cockpit. At the same time‚ there is a conflict of different perception of motivation produced by this action. People’s behaviors are based on their perception
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APPENDIX APPENDIX. CALCULATING NATIONAL LOGISTICS COSTS Logistics costs are an important factor affecting the competitiveness of both firms and nations. Firms can enhance their market competitiveness by reducing their logistics costs‚ thus lowering the total costs of goods and services. Greater market competitiveness of a nation’s firms can then give rise to greater national industrial competitiveness on a global scale. Total logistics cost analysis is the key to managing the logistics function
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in federal income tax in the past year‚ including people aged 18 (who typically are deducted on their parents ’ returns and do not pay income tax). Anyone who received the "earned income credit" is barred from voting unless they return the payment from the government. Proof of payment of the tax can be made by showing a copy of the prior year ’s W2‚ a copy of the prior year ’s tax return‚ or a signed statement from the IRS stating that the payment of more than $200 in federal income tax has been made
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Singapore Tax Rates and Income Tax System Introduction Singapore’s is one of the world’s biggest economies. Since the global financial crisis and more recently‚ the Eurozone sovereign debt crisis and the downgrading of the US credit ratings‚ many global and local investors has sought Singapore as a new safe haven for investing their wealth in and setting up businesses and regional headquarters. In 2010‚ Singapore’s economy has rebounded close to 15% year on year. Singapore‚ due to its
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meets the needs of the employer and the employee. “Performance appraisal” is a discrete‚ formal‚ organizationally sanctioned event‚ usually not occurring more frequently than once or twice a year‚ which has clearly stated performance dimensions and/or criteria that are used in the evaluation process. Furthermore‚ it is an evaluation process‚ in that quantitative scores are often assigned‚ based on the judged level of the employee‟s job performance on the
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Assessable income=ordinary income + statutory income. Ordinary income: income deriving from the courts (s6-5) Negative propositions: items that are not income by ordinary concepts: 1.Amounts not convertible into money :In Tennant v Smith (1892) free accommodation provided to a bank manager was held not to be ordinary income because building could not be sub-let and the benefit thereby converted to money. In FCT v Cooke & Sherden (1980) an incentive prize offered by a manufacturer was not income of the
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