Dr. Vikhe Patil Foundation’s Pravara Centre for Management Research and Development SPECIALIZATION: FINANCE SEMESTER III – Aug - Nov 2014 QUESTION BANK ON DIRECT TAXATION Compiled by Mrs. Divya Y. Lakhani RESIDENTIAL STATUS 1. Mr. Jai left India for the first time on May 20, 2012. During the financial year 2014-15 he came to India once on May 27, for 53 days. Determine his residential status for A.Y.2015-16. 2. Mr. Viru comes to India for the first time, on April 16, 2012. During
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Public Pension – Detroit crisis After the economy financial crisis, most public pensions were already on crisis. The pension crisis is a difficulty in paying for corporate, state and federal pensions in the U.S. due to a difference between pension obligations and the resources set aside to fund them in the future. That is because many of public pension plans discount their pension liabilities at high interest rates assuming the plan will achieve high returns on their investments. However
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Human Resources Planning 2010 Planning Task Force Report January 2009 INTRODUCTION The quality and expertise of the faculty and staff is crucial to the continuing success and excellence of Grand Valley State University. Grand Valley is often recognized for its overall excellence. As with any institution of higher education, this standard of excellence directly relates to the faculty members, whose efforts support the Grand Valley mission of “educating students to shape their lives, their professions
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Intended duration of your stay Country of residence (i.e. number of months) prior to arrival here Permanent Temporary Are you here on a Permanent or Temporary basis? (insert T) Employment or Pension Details Name of Employer or Pension Company Address of Employer or Pension Company Employer’s or Pension Company’s PAYE Registered No. Staff or Personnel No. (if any) Occupation (e.g. Carpenter, Nurse, etc.) Full Time Part Time Date employment commenced (DD/MM/YY) Yes Yes / No No /
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17 1. Qualified pension plan: 1) Covering at least 70% of employees 2) Cannot discriminate in favor of highly compensated employees 3) Must be funded in advance of retirement through contributions to an irrevocable trust fund 4) Benefits must vest after a specified period of service, commonly five years 5) It complies with specific restrictions on the timing and amount of contributions and benefits. 2. Two pension plans: Defined contribution pension plans (fixed annual
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topic. It is a good option if you do not have another resource. The early pension to which employees could aspire, the employer would provide the board, it is important to know that only people who are 55 years or more can acquire this benefit. Many employers try to make early retirement seem more attractive for those who are on the layoff list, by constructing some incentives. The incentives offered depend on the type of pension of work you acquired. There are two types: defined contribution and defined
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dependent child of a disabled contributor until age 18 or age 25 if attending school. c. individuals may start to collect benefits at age 60 or defer receiving benefits until age 75. d. on termination of a marriage or common-law relationship, pension credits earned by one or both spouses may have to be divided. The answer is c. individuals may start to collect benefits at age 60 or defer receiving benefits until age 75. RPC CODE: C 4. All of the following are advantages of group incentive
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Air Force Retirement English Composition I 26 May 2015 Air Force Retirement Do you ever feel like retirement is impossible? There are times in the United States Air Force I feel like retirement isn’t going to be an option for me. There are many levels to retiring in the United States Air Force and the hills I have to climb to retirement seem difficult at times. I am a personalist in the United States Air Force that advises members of the Air Force on career development, job specialties,
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fortunate to have sufficient regular income to meet their retirement needs. However, for most of us, only part of our needed income, most commonly Social Security, is protected against inflation. This will be the case if we have a defined benefit pension without a cost-of-living adjustment or if we are dependent on interest from bonds or other types of regular fixed-income investments. The adjustment that I need to make now is to put the exact amount that The Social Security takes out of my check
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MGMT 6332 Compensation Final Exam 1. What are the behaviors that compensation ought to enforce? The first behavior compensation ought to enforce is that it must be attractive in order to recruit and hire high quality employees. Another behavior compensation ought to enforce is to make sure it is used in order to retain those high quality employees they recruited. It should also help to develop employee knowledge and skills and help to motivate the employees to perform to their highest ability
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