service whereas self-employed is a person who works under a contract for services (Melville, A. 2011 p.84). As a self-employed person, they enjoy a wider range of tax benefits and deductible expenses when compared to employees. Self-employed are allowed to pay tax by installment and pay tax much later than employees, who normally pay income tax under PAYE system. The main criteria to distinguish two types of contracts of services or for services will be as follows: 1. Control. Self-employed people have
Words: 1894 - Pages: 8
DECLARATION FORM This is to verify that I PRAGYA SAHU student Of SCHOOL OF ECONOMICS,DAVV INDORE has undergone training from “STOCK HOLDING CORPORATION OF INDIA LIMITED”. DURATION:- For 38 days (from 1st June to 8th July) in field of finance. During the training the student has abided by rules & regulation of our organization & his code of conduct were satisfactory. Detail of Reporting/ Authorized officer: Name of person: Sandeep Sharma Designation:
Words: 12324 - Pages: 50
LIT1: Task 310.1.5-02, 11, 13 Part A Sole Proprietorship: This form of business is the most common form of new business startup. Legal and tax issues are basic and can be followed without significant assistance from external sources. The business and owner are one in the same and all liabilities will fall upon them personally. The primary key to being a sole proprietor is the owner maintains independence in the decision making of the business and how he or she implements their business plan. LIABILITY:
Words: 4222 - Pages: 17
Djaiden Wirth World History Mr.Smith October 8th 2011 Blood for Equality A perilous conquest for blood, equal right, and change aptly describes the French Revolution. While France appeared to be the epitome country of the 16th century, all was not as it seemed from the working person's perspective. Poor harvests and crop failures ripped through the land, bringing starvation to the average working class. The visions and ideas of the Enlightenment brought new ways of thinking to those who were
Words: 723 - Pages: 3
Henry David Thoreau attempts to gain the support of his readers and highlights negatives found in the government shown in his statement that “I ask for, not at once no government, but at once a better government.” He disagrees with the allocation of tax spending and believes that the election system is powerless. He implies that citizens wishing to join his revolution should start by not paying taxes to support the government. Thoreau uses rhetorical questions, allusion and anaphora to appeal to the
Words: 769 - Pages: 4
Goods and Services Tax (GST) in India: prospect for states by Mohd. Azam Khan1 and Nagma Shadab2 Department of Economics, Aligarh Muslim University, India Abstract: Goods and services tax (GST) is a broad based and a single comprehensive tax levied at every stage of the production and distribution chain with applicable set-off in respect of the tax remitted at previous stages. It is basically a tax on final consumption integrates the union excise duties, custom duties, services tax and state VAT
Words: 8698 - Pages: 35
Income Tax Act Commonly known as 12A certificate, this registration is NOT mandatory. Purpose of getting this registration u/s. 12A is to get exemption from Income Tax on the Income of the trust, if all the conditions laid down in this section are fulfilled. 3. Registration under section 80G of the Income Tax Act Again, this is NOT a mandatory one. However to give benefit of 50% or 100% exemption on donation to our donors, it is per-requisition to get the registration u/s. 80G of Income Tax Act. It
Words: 4598 - Pages: 19
Efficient Taxation for a Progressive Nation By 3000 BC Egypt had become a nation of stability and distinguished itself as a country with its own system of writing that transmitted wisdom and learning from one generation to the next. A succession of pharaohs had ruled the country to administer the resources and businesses of far-flung communities. In the absence of the use of money, taxes in the form of wheat and other field produce were collected by government bureaucrats based on estimated harvest
Words: 2019 - Pages: 9
advantages and disadvantages of each, and possible tax consequences for each scenario? Respectfully, John Owner Business Structure: Advice Letter July 21, 2014 Dear Mr. John Owner, John, I am in receipt of your letter, and wanted to get back to you with a response to some of your questions. When beginning a business, “YOU” as the owner, must consider what form of business entity to establish. Your business structure determines which income tax return form you have to file. The most common forms
Words: 1008 - Pages: 5
[pic] |CLOSED BOOK EXAMINATION | MODULE: FINANCE Student’s Name: ___________________________________ID No._________ E-mail: _________________________________Cell phone: _____________ Signature: _________________________________ MARKING TABLE |SECTION |QUESTION |Max score |MARKING |NOTE | | |
Words: 916 - Pages: 4
