Key Takeaways:
- Background and Overview of Legal Provision
- Facts of the Case
- Contentions of the Assessee and Revenue
- Supreme Court’s Verdict
- Key Learnings and Way Forward
It explains the IASB’s Regulatory framework including the Companies act, Stock exchange listing rules and IFRS. It also explains the IASB relationship with other bodies and how they operate and how the IFRS are produced
Dividend policy
What is Dividend?
What is dividend policy?
Theories of Dividend Policy
Relevant Theory
Walter’s Model
Gordon’s Model
Irrelevant Theory
M-M’s Approach
Traditional Approach
Referred to:
Prasanna Chandra
ASC - Classification of micro small and medium enterprises (MSME) registratio...ASC Group
The micro small and medium enterprises (MSMEs) have been accepted as the engine of economic growth and for promoting equitable development. The MSMEs constitute over 90% of total enterprises in most of the economies and are credited with generating the highest rates of employment growth and account for major share of industrial production and exports. We have prepared a small presentation on MSME classification, benefits, compliances and special economic package provided to MSME by Government of India in Covid-19.
Key Takeaways:
- Background and Overview of Legal Provision
- Facts of the Case
- Contentions of the Assessee and Revenue
- Supreme Court’s Verdict
- Key Learnings and Way Forward
It explains the IASB’s Regulatory framework including the Companies act, Stock exchange listing rules and IFRS. It also explains the IASB relationship with other bodies and how they operate and how the IFRS are produced
Dividend policy
What is Dividend?
What is dividend policy?
Theories of Dividend Policy
Relevant Theory
Walter’s Model
Gordon’s Model
Irrelevant Theory
M-M’s Approach
Traditional Approach
Referred to:
Prasanna Chandra
ASC - Classification of micro small and medium enterprises (MSME) registratio...ASC Group
The micro small and medium enterprises (MSMEs) have been accepted as the engine of economic growth and for promoting equitable development. The MSMEs constitute over 90% of total enterprises in most of the economies and are credited with generating the highest rates of employment growth and account for major share of industrial production and exports. We have prepared a small presentation on MSME classification, benefits, compliances and special economic package provided to MSME by Government of India in Covid-19.
The Singapore Government provides tax incentives for business activities that enhance the country’s economic or technological development. Tax incentives are available to a wide range of industries, including manufacturing, shipping, trading, investment and financial services sectors. Tax incentives are either in the form of an exemption from taxation or a reduction in the tax rates.
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KSCAA BCAJ Start-up Conference - Tax and accounting for startupsSandeep Jhunjhunwala
Income tax benefits for Start-ups
Recognised start-ups for tax benefits
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Foreign Investment in Saudi Arabia WhitepaperAlexis Aboagye
Saudi Arabia has had increasing interest for businesses since
the oil expansion of the 70s and 80s but as the world moves
away from oil power to renewable energy the Kingdom has
also looked to move with the changes. Not only with the
expansion into more sustainable power but also to expand its
Sovereign wealth fund and private sector businesses to rival
other major cities.
The Kingdom is already the biggest economy in the region,
but the government has taken more steps recently to become
an easier place to do business and attract more companies to
the private sector. Instead of only relying on the size of its
economy, it has become a more welcoming place for foreign
investment. The introduction of numerous online portals, the
easing of processes and implementing new licenses all lead
into the larger goal of a diversified economy as laid out in
Vision 2030.
No company set up process can be discussed without
mentioning the role of Saudi Arabia General Investment
Authority (SAGIA) the entity itself has worked hard to not
only promote the Kingdom in key locations across the world
but also to streamline its processes in order to ease the process
for the companies it worked so hard to attract.
SAGIA is only a small part of the export process, however
important it is. There are other elements that happen after
setting up, which are important to operate in compliance
with the law.
In this white paper, we look to what the future of business
will look like in Saudi Arabia, the recent reforms of SAGIA
and the steps that companies need to take after they have
set up in the Kingdom.
Taxmann's Taxation of Start-ups & InvestorsTaxmann
This book is a ready-referencer to understand the taxation of start-ups and other operational issues.
All complex provisions have been explained with detailed Case studies and Illustration. The Current Publication is the 3rd Edition which incorporates all the changes made by the Finance Act, 2020. The key features of this book are as follows:
• Analysis of every provision applicable to a start-up, inter-alia,
Section 80-IAC, Section 54GB, etc.
• A thorough examination of the notification issued by the DPIIT
for eligible start-ups
• Guidance on registration of a startup as a firm or a company
Impact of revision in definition of MSMEs on Start-ups
• Analysis of Emergency Credit Line Guarantee Scheme
(ECLGS)
• Case studies and Illustrations for easy understanding of
complex laws
• FAQs for resolution of queries
Entrepreneurship & SMEs Development – Saudi Arabia’s NTP 2020 Relevant Initia...Osama M. Ashri
Disclaimer: This is an unofficial document prepared by Osama M. Ashri. Reference: Saudi Arabia’s National Transformation Plan 2020 http://vision2030.gov.sa/sites/default/files/NTP_En.pdf The purpose of the document is to highlight the relevant initiatives for nurturing the entrepreneurship and SMEs sector in Saudi Arabia. The relevance of the initiatives is assessed by the author of this document. The NTP might include other direct and indirect related initiatives.
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Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
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June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
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Acetabularia Information For Class 9 .docxvaibhavrinwa19
Acetabularia acetabulum is a single-celled green alga that in its vegetative state is morphologically differentiated into a basal rhizoid and an axially elongated stalk, which bears whorls of branching hairs. The single diploid nucleus resides in the rhizoid.
4. THE LEGISLATION
Investment incentives are available under the
Promotion of Investment Act 1986 (PIA 1986) and
Income Tax Act 1967.
2014 PA602 MALAYSIAN TAXATION Slide 4
5. MANUFACTURING
The manufacturing sector is the star performer of the
Malaysian economy and is expected to spearhead to drive to
fulfill the industrialization objective.
Manufacturing is defined as the making, altering, blending,
ornamenting, finishing or otherwise treating or adapting any
article or substance with a view to its use, sale, transport,
delivery, or disposal and includes, the assembly of parts and
ship repairing but shall not include any activity normally
associated with retail or wholesale.
2014 PA602 MALAYSIAN TAXATION Slide 5
6. PIONEER STATUS
Pioneer Status is a form of tax incentive which provides for
full or partial exemption from payment of Income Tax.
The profits that are exempted from tax are transferred to an
exempt income account for the purpose of franking tax-exempt
dividends. Redistribution by shareholder companies
of such exempt dividends are also exempt from tax.
Detail on pioneer status: See Promotion of Investments Act,
1986
2014 PA602 MALAYSIAN TAXATION Slide 6
7. PIONEER STATUS
Or you may access this….
http://www.treasury.gov.my/index.php?option=com_co
ntent&view=article&id=279:promotion-of-investment-act-
1986&catid=92:catinsentif-cukaiundang-undang&
lang=en
2014 PA602 MALAYSIAN TAXATION Slide 7
8. INVESTMENT TAX ALLOWANCES
Eligible projects with large capital investment and long
gestation periods can consider Investment Tax Allowance as
an alternative to the Pioneer Status incentive. Investment
Tax Allowance is a tax incentive based on the qualifying
capital expenditure incurred. Investment Tax Allowance may
be applied for by any company participating or intending to
participate in a promoted activity or in the production of a
promoted product. Any unutilised allowance can be carried
forward until it is fully utilised.
2014 PA602 MALAYSIAN TAXATION Slide 8
9. REINVESTMENT ALLOWANCES
Under the Income Tax Act, 1967, a resident company
which incurs capital expenditure on a factory, plant and
machinery used for a qualifying project in Malaysia can
claim a Reinvestment Allowance equivalent to 60% of
that expenditure.
2014 PA602 MALAYSIAN TAXATION Slide 9
10. QUESTION 1
Pioneer status and investment tax allowance are two
major incentives provided for companies investing in
the manufacturing sector. Briefly explain the main
features of these incentives.
2014 PA602 MALAYSIAN TAXATION Slide 10
12. QUESTION 3
1. Expenditure incurred on advertising Malaysian
brand names within Malaysia eligible for double
deduction. However, certain conditions need to be
fulfilled. Outline those conditions.
2. Malaysian-uuresident companies are eligible for
double deductions in respect of expenses for the
promotion of export of service. State the eligible
expenses that are given double deductions under
ITA 1967.
2014 PA602 MALAYSIAN TAXATION Slide 12
13. QUESTION 4
Salmah Holdings Bhd has been involved in business of manufacturing
two products since 2002. The company prepares its accounts up to 31st
Sept each year. On 1st Jan 2003, one of its products qualify as a promoted
product and was granted pioneer status effective from 1st Jan 2003.
2003 2004
Pioneer business
Adjusted allowance income / loss
Capital allowance
(50,000)
30,000
300,000
40,000
Non-pioneer business
Adjusted allowance income / loss
Capital allowance
100,000
20,000
(60,000)
20,000
Other income
Dividend income
Rental income
-
18,000
30,000
18,000
Approved donations 10,000 20,000
Required:
Compute the tax
payable and exempt
income (if any for
Salmah Holdings
Bhd for YA 2003 &
2004
2014 PA602 MALAYSIAN TAXATION Slide 13