Income-tax Act‚ 1961 | No. | Title | Section - 001 | Short title‚ extent and commencement | | Section - 002 Part A | Definitions [Clause (1) to Clause (15)] - "Advance Tax" to "Charitable Purpose" | | Section - 002 Part B | Definitions [Clause (15A) to Clause (30)] - "Chief Commissioner" to "Non-resident" | | Section - 002 Part C | Definitions [Clause (31) to Clause (48)] - "Person" to "Zero Coupon Bond" | | Section - 003 | Previous year defined | | Section - 004
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to accounting for income taxes‚ which are the cash method and the allocation method. The cash method is described as a simple and direct approach. The amount of income taxes actually paid for the year is reported on the Income Statement. The amount comes from the firm ’s income tax return and fit is not adjusted in any way. Therefore‚ the firm ’s actual transaction to record its income tax liability is the basis for the amount of the income tax expense reported on the Income Statement. The allocation
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FOREIGN POLICY “Foreign Policy begins where domestic policy ends” (Henry Kissinger) INTRODUCTION Foreign Policy refers to the ways in which the central governments of sovereign states relate to each other and to the global system in order to achieve various goals or objectives. A country’s foreign policy is a set of political goals that seeks to outline how that particular country will interact with other countries of the world and‚ to a lesser extent‚ non-state actors. Foreign policies
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The exploitation of low-income countries by high-income countries INTRODUCTION Over the years living conditions around the world have improved‚ even in the poorest of countries. Despite this there is still a clear difference between high-income countries and low-income countries. High-income countries are defined as countries with very productive economic systems where the majority of people have fairly high incomes‚ while low-income countries are defineed as having low economic systems
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Contents EXECUTIVE SUMMARY 6 TARGET COSTING 7 TATA NANO – THE INTRODUCTION 9 A BREAK THROUGH CAR 11 COST CUTTING FEATURES 12 TARGET PRICING THE NANO 13 Product Features 13 Dimension 13 Engine specifications for Tata Nano 14 Safety features for Tata Nano – The 1 Lakh car 14 How green is Tata Nano? 14 IDEA GENERATION OF NANO 14 THE COST – THE TARGET 16 THE COST REDUCTION PARADIGM 17 Value Engineering Alternatives: 17 Now the question was‚ “how much to produce” 17 PRODUCT DEVELOPMENT 18 The Final verdict:
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using an average variable cost function of the form. AVC= a + bQ+ cQ^2 (the 2 is suppose to be exponent) Where AVC=dollars per vacuum cleaner and Q=number of vacuum cleaners produced each month. Total fixed cost each month is $180‚000. The following results were obtained: Dependent Variable:AVC R-Square F-Ratio P-Value on F Observations:19 0.7360 39.428 0.0001 Variable
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fast-paced World‚ companies are geared towards maintaining the stability of financial structure of the business to gain profit. In this case‚ Income Statement states that July sales had substantially increased than June but income in July was lower over June. This dilemma was cited by Terry Silver the new marketing vice-president of Landau Company. Over 38 years‚ company conveniently used Full Costing System for their Income Statement. The suggested shift in the system to Variable Costing System was
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intelligent public that it is possible for two companies in the same industry to follow entirely different accounting principles and both get a true and fair audit report?” - M. Lafferty Nowadays‚ as our economy is facing possible everyday crises‚ managers undergo an increasing pressure in order to keep their company ’s earnings stable. Shareholders and analysts expect companies to meet forecasted goals and not to deviate from these. Especially‚ reliable companies are to report positive results and shall
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Super Bakery‚ Incorporated Costing Methods Super Bakery Incorporated (SBI) is a successful virtual corporation focused on supplying donuts and other baked goods to the institutional food market. SBI was founded in 1983 by former Pittsburgh Steelers’ running back Franco Harris. The management has used an outsourcing strategy‚ whereby‚ selling‚ manufacturing‚ warehousing‚ and shipping functions have been outsourced to strategic partners. The goal is to extract the maximum value-added from these
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CASE STUDY: Modernization of NTUC Income? 1.)What were the problems faced by Income in this case? How were the problems solved by thenew digital system? The insurance operations in the company income tired and very laborious and require a large number of staff and rely on the system documentary‚ which led to the complexity of operations and the collapse of the system hp3000 central frequently and who was treated applications cooperative insurance and accounting information systems and administrative
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