Presentation is on computation of income from Salaries . this presentation is for the benefit of undergraduate commerce students and is based on the B.Com syllabus of Goa University
The document discusses key aspects of income from business and profession under the Income Tax Act of 1961 in India. It defines business and profession, outlines the basis of charge for income from business/profession, and describes various deductions that are allowed under sections 30-37 of the Act such as rent, repairs, insurance, depreciation, bad debts, and more. It provides explanations and conditions for claiming many of these deductions.
Income exempted under section 10 of Income tax Act 1961 for assessment year 2...Dr. Sanjay Sawant Dessai
The document lists various income sources that are exempt from tax under Section 10 of India's Income Tax Act of 1961. Some key exemptions include: agricultural income, income received by members of Hindu Undivided Families, share of partnership profits, leave travel concessions, gratuity payments, voluntary retirement compensation up to Rs. 500,000, life insurance policy proceeds, provident fund withdrawals, superannuation fund payments, certain allowances like transport and children's education, interest on government securities, scholarships for education, dividends, and income from mutual funds.
Computation of income from house property for the assessment year 2017-18 based on Final Year B Com Syllabus of Goa University for the academic year 2017-18
Presentation is on computation of income from Salaries . this presentation is for the benefit of undergraduate commerce students and is based on the B.Com syllabus of Goa University
The document discusses key aspects of income from business and profession under the Income Tax Act of 1961 in India. It defines business and profession, outlines the basis of charge for income from business/profession, and describes various deductions that are allowed under sections 30-37 of the Act such as rent, repairs, insurance, depreciation, bad debts, and more. It provides explanations and conditions for claiming many of these deductions.
Income exempted under section 10 of Income tax Act 1961 for assessment year 2...Dr. Sanjay Sawant Dessai
The document lists various income sources that are exempt from tax under Section 10 of India's Income Tax Act of 1961. Some key exemptions include: agricultural income, income received by members of Hindu Undivided Families, share of partnership profits, leave travel concessions, gratuity payments, voluntary retirement compensation up to Rs. 500,000, life insurance policy proceeds, provident fund withdrawals, superannuation fund payments, certain allowances like transport and children's education, interest on government securities, scholarships for education, dividends, and income from mutual funds.
Computation of income from house property for the assessment year 2017-18 based on Final Year B Com Syllabus of Goa University for the academic year 2017-18
Computation of Income from House Property for B Com students of Semester V (Assessment year 2019-20)
Based on B. Com CBCS Syllabus of Goa University for academic year 2019-20
Computation of profits and gains of business and profession for assessment year 2016-17 based on Goa University Taxation syllabus , for benefit of B Com students
The document discusses the taxation of income from house property under the Income Tax Act.
1. Income from house property is taxable if the property is owned and is not used for business purposes. Various situations are discussed such as deemed ownership, self-occupied property, let out property, and vacant property.
2. In computing income from house property, gross annual value is determined based on municipal value, fair rent or actual rent whichever is higher. Standard deductions and interest on borrowed capital can be deducted to arrive at taxable income.
3. For self-occupied property, net annual value is nil and interest deduction is capped at Rs. 30,000/Rs. 2 lakh depending on the
The document discusses two methods of computing business income - the direct method and indirect method.
The direct method involves directly computing income chargeable less allowable expenses. The indirect method involves adjusting net profit to add disallowed expenses and deduct allowed expenses and incomes not considered.
Several allowable and disallowed expenses are listed such as rent, depreciation, insurance, salaries, interest, taxes, penalties, personal expenses, capital expenses etc.
An example computation of business income using the indirect method is provided for a firm, showing the calculation of net profit as per accounts, adjustments for disallowed and allowed items, and arriving at income from business.
This document provides an overview of the taxation of profits and gains from business or profession under the Indian Income Tax Act. Some key points:
- Profits from any business, profession, compensation payments, export incentives, benefits from business, interest from a partnership, and more are taxable under this head.
- Deductions are allowed for expenses like rent, repairs, depreciation, research and development, acquiring telecom licenses, and more.
- Depreciation can be claimed on buildings, machinery, vehicles and more. Additional depreciation is available for new machinery.
- Certain payments must be on a paid basis per Section 43B, like taxes, contributions, bonuses to claim deductions.
Computation of Income from salaries for assessment year 2015-16 . Based on Goa university Final yea B Com Syllabus of Accounting Major II - Income tax, service tax and Goa Value added tax
Salaries presentation presented by Sachin GujarRamesh Verma
This document discusses tax implications on salary income in India. It defines salary and outlines various allowances and payments that are included in the taxable salary. It describes exemptions available for conveyance allowance, children's education allowance, medical reimbursements, house rent allowance, and leave travel concession. It also discusses various deductions that can be claimed to reduce taxable income, such as those under Sections 80C, 80D, 80DD, 80E, 80G, and 80GG. The document concludes with tax rates, illustrations of tax calculations, the due date for filing returns, and budget implications for the fiscal year 2007-08.
Profit & Gains from Business or Profession.RAJESH JAIN
This document provides an overview of income from business and profession under the Indian Income Tax Act. It defines business and profession, outlines the key points and basis of charge for income from business/profession. It also discusses the computation of income, specific deductions allowed, depreciation rules and amounts that are not deductible. The key information includes definitions of business and profession, income includes profits and losses, relevance of accounting method, and that income from illegal businesses is taxable.
- Salaries received from employment are taxable under the head "income from salaries". This includes basic pay, bonuses, commissions, allowances, perks provided by the employer, and retirement benefits like pension and gratuity (subject to exemptions).
- Certain allowances and benefits are fully or partially tax exempt such as leave travel concession, medical reimbursements, rent free accommodation, interest free loans, etc. as per specified limits and conditions.
- The valuation and tax treatment of various types of non-monetary perquisites like cars, household employees, education, etc. is explained based on factors like employee category, location, and actual usage.
- Common deductions available from salary income include standard deduction,
This document summarizes the taxation of various forms of salary income and perquisites in India under the Income Tax Act of 1961. It discusses the tax treatment of advance salary, arrears salary, bonus, commission and various allowances. It also provides details on the valuation and taxability of rent-free accommodations, interest-free loans, use of moveable assets, medical benefits and other perquisites.
house property, income from house property, let out property, vacant let out property, self occupied property, deemed let out property,
lop, vlop, sop, dlop, gross annual value, gav, reasonable letting value, rlv, municipal rateable value, mrv, starndard rent,
actual rent received, arr, municipal tax, deduction u/s 24, standard deduction, interest on loan, pre construction interest,
post construction interest, unrealised rent, arrears of rent, co-ownership, deemed owners, composite rent,
Lecture 13 profits and gains from business or professionsumit235
This document summarizes provisions related to computing taxable income from business and profession under the Indian Income Tax Act. It covers what types of income fall under this head, the meaning of key terms like business, profession and vocation. It also discusses the basic principles for arriving at business income, allowable deductions for expenses, depreciation, and scientific research expenditure.
Income tax is imposed on income by the central government in India. There are two types of taxes - direct and indirect. Income tax is a direct tax levied on total income which is calculated based on five heads of income - salaries, house property, business/profession, capital gains, and other sources. Income from house property is taxed based on its annual value, which is the expected annual rent if the property was let out. Certain properties like one self-occupied house and properties used for own business have a nil annual value and are tax exempt.
It defines key terms like business, profession, and vocations. It outlines the general principles for assessing profits from business/profession including deductions allowed, expenses disallowed, and depreciation rates. It describes two methods for computing taxable profits- adjusting the assessee's profit and loss account or preparing a fresh income and expenditure account. It also provides details on specific deductions allowed for expenses related to business premises, machinery/equipment, and scientific research.
The document discusses key aspects of income from business and profession under the Income Tax Act in India. It defines business, profession, and vocation. It outlines essential features of a business like regular transactions, profit motive, use of labor and skill. It also discusses what constitutes a business under section 2(13) and explains concepts like trade, commerce, and manufacture. The document then covers important points about income from business like the business must be carried out by the assessee during the previous year, and income includes losses. It also discusses the cash and mercantile systems of accounting and conditions for claiming depreciation.
The document summarizes various provisions related to the computation of income from business or profession under the Indian Income Tax Act. It discusses the meaning of business income and what types of incomes are chargeable under this head. It also outlines specific deductions allowed like rent, repairs, depreciation, scientific research, preliminary expenses, and more. It provides details on the calculation of profits, losses, treatment of unabsorbed depreciation and the methods of claiming depreciation.
This document provides an overview and outline of Lesson 4 on income under the head of salaries. It discusses the following key points in 3 sentences:
The lesson introduces the different heads of income under the Income Tax Act of 1961 and focuses on income from salaries. It defines what constitutes salary income and lists the various components that make up salary income, including basic salary, fees, commissions, bonuses, allowances, and retirement benefits. The document outlines the objectives and structure of the lesson which will cover the concepts, provisions, and computations related to salary income in more detail.
Copy of Copy of incomefromothersources-191003141148-2.pptxYashSharma815533
This document discusses income from other sources under the Indian Income Tax Act. It defines income from other sources as any income that cannot be categorized under other heads like salary, house property, business, or capital gains. Key points covered include:
1) Sections 56, 57, and 58 govern income from other sources, with section 56 covering chargeable income, section 57 covering permissible deductions, and section 58 covering non-deductible amounts.
2) Examples of income charged under section 56 include dividends, lottery winnings, employee welfare contributions, interest, rent, keyman insurance policies, gifts, and interest on compensation.
3) Deductions allowed under section 57 include commission, employee welfare scheme contributions
Computation of Income from House Property for B Com students of Semester V (Assessment year 2019-20)
Based on B. Com CBCS Syllabus of Goa University for academic year 2019-20
Computation of profits and gains of business and profession for assessment year 2016-17 based on Goa University Taxation syllabus , for benefit of B Com students
The document discusses the taxation of income from house property under the Income Tax Act.
1. Income from house property is taxable if the property is owned and is not used for business purposes. Various situations are discussed such as deemed ownership, self-occupied property, let out property, and vacant property.
2. In computing income from house property, gross annual value is determined based on municipal value, fair rent or actual rent whichever is higher. Standard deductions and interest on borrowed capital can be deducted to arrive at taxable income.
3. For self-occupied property, net annual value is nil and interest deduction is capped at Rs. 30,000/Rs. 2 lakh depending on the
The document discusses two methods of computing business income - the direct method and indirect method.
The direct method involves directly computing income chargeable less allowable expenses. The indirect method involves adjusting net profit to add disallowed expenses and deduct allowed expenses and incomes not considered.
Several allowable and disallowed expenses are listed such as rent, depreciation, insurance, salaries, interest, taxes, penalties, personal expenses, capital expenses etc.
An example computation of business income using the indirect method is provided for a firm, showing the calculation of net profit as per accounts, adjustments for disallowed and allowed items, and arriving at income from business.
This document provides an overview of the taxation of profits and gains from business or profession under the Indian Income Tax Act. Some key points:
- Profits from any business, profession, compensation payments, export incentives, benefits from business, interest from a partnership, and more are taxable under this head.
- Deductions are allowed for expenses like rent, repairs, depreciation, research and development, acquiring telecom licenses, and more.
- Depreciation can be claimed on buildings, machinery, vehicles and more. Additional depreciation is available for new machinery.
- Certain payments must be on a paid basis per Section 43B, like taxes, contributions, bonuses to claim deductions.
Computation of Income from salaries for assessment year 2015-16 . Based on Goa university Final yea B Com Syllabus of Accounting Major II - Income tax, service tax and Goa Value added tax
Salaries presentation presented by Sachin GujarRamesh Verma
This document discusses tax implications on salary income in India. It defines salary and outlines various allowances and payments that are included in the taxable salary. It describes exemptions available for conveyance allowance, children's education allowance, medical reimbursements, house rent allowance, and leave travel concession. It also discusses various deductions that can be claimed to reduce taxable income, such as those under Sections 80C, 80D, 80DD, 80E, 80G, and 80GG. The document concludes with tax rates, illustrations of tax calculations, the due date for filing returns, and budget implications for the fiscal year 2007-08.
Profit & Gains from Business or Profession.RAJESH JAIN
This document provides an overview of income from business and profession under the Indian Income Tax Act. It defines business and profession, outlines the key points and basis of charge for income from business/profession. It also discusses the computation of income, specific deductions allowed, depreciation rules and amounts that are not deductible. The key information includes definitions of business and profession, income includes profits and losses, relevance of accounting method, and that income from illegal businesses is taxable.
- Salaries received from employment are taxable under the head "income from salaries". This includes basic pay, bonuses, commissions, allowances, perks provided by the employer, and retirement benefits like pension and gratuity (subject to exemptions).
- Certain allowances and benefits are fully or partially tax exempt such as leave travel concession, medical reimbursements, rent free accommodation, interest free loans, etc. as per specified limits and conditions.
- The valuation and tax treatment of various types of non-monetary perquisites like cars, household employees, education, etc. is explained based on factors like employee category, location, and actual usage.
- Common deductions available from salary income include standard deduction,
This document summarizes the taxation of various forms of salary income and perquisites in India under the Income Tax Act of 1961. It discusses the tax treatment of advance salary, arrears salary, bonus, commission and various allowances. It also provides details on the valuation and taxability of rent-free accommodations, interest-free loans, use of moveable assets, medical benefits and other perquisites.
house property, income from house property, let out property, vacant let out property, self occupied property, deemed let out property,
lop, vlop, sop, dlop, gross annual value, gav, reasonable letting value, rlv, municipal rateable value, mrv, starndard rent,
actual rent received, arr, municipal tax, deduction u/s 24, standard deduction, interest on loan, pre construction interest,
post construction interest, unrealised rent, arrears of rent, co-ownership, deemed owners, composite rent,
Lecture 13 profits and gains from business or professionsumit235
This document summarizes provisions related to computing taxable income from business and profession under the Indian Income Tax Act. It covers what types of income fall under this head, the meaning of key terms like business, profession and vocation. It also discusses the basic principles for arriving at business income, allowable deductions for expenses, depreciation, and scientific research expenditure.
Income tax is imposed on income by the central government in India. There are two types of taxes - direct and indirect. Income tax is a direct tax levied on total income which is calculated based on five heads of income - salaries, house property, business/profession, capital gains, and other sources. Income from house property is taxed based on its annual value, which is the expected annual rent if the property was let out. Certain properties like one self-occupied house and properties used for own business have a nil annual value and are tax exempt.
It defines key terms like business, profession, and vocations. It outlines the general principles for assessing profits from business/profession including deductions allowed, expenses disallowed, and depreciation rates. It describes two methods for computing taxable profits- adjusting the assessee's profit and loss account or preparing a fresh income and expenditure account. It also provides details on specific deductions allowed for expenses related to business premises, machinery/equipment, and scientific research.
The document discusses key aspects of income from business and profession under the Income Tax Act in India. It defines business, profession, and vocation. It outlines essential features of a business like regular transactions, profit motive, use of labor and skill. It also discusses what constitutes a business under section 2(13) and explains concepts like trade, commerce, and manufacture. The document then covers important points about income from business like the business must be carried out by the assessee during the previous year, and income includes losses. It also discusses the cash and mercantile systems of accounting and conditions for claiming depreciation.
The document summarizes various provisions related to the computation of income from business or profession under the Indian Income Tax Act. It discusses the meaning of business income and what types of incomes are chargeable under this head. It also outlines specific deductions allowed like rent, repairs, depreciation, scientific research, preliminary expenses, and more. It provides details on the calculation of profits, losses, treatment of unabsorbed depreciation and the methods of claiming depreciation.
This document provides an overview and outline of Lesson 4 on income under the head of salaries. It discusses the following key points in 3 sentences:
The lesson introduces the different heads of income under the Income Tax Act of 1961 and focuses on income from salaries. It defines what constitutes salary income and lists the various components that make up salary income, including basic salary, fees, commissions, bonuses, allowances, and retirement benefits. The document outlines the objectives and structure of the lesson which will cover the concepts, provisions, and computations related to salary income in more detail.
Copy of Copy of incomefromothersources-191003141148-2.pptxYashSharma815533
This document discusses income from other sources under the Indian Income Tax Act. It defines income from other sources as any income that cannot be categorized under other heads like salary, house property, business, or capital gains. Key points covered include:
1) Sections 56, 57, and 58 govern income from other sources, with section 56 covering chargeable income, section 57 covering permissible deductions, and section 58 covering non-deductible amounts.
2) Examples of income charged under section 56 include dividends, lottery winnings, employee welfare contributions, interest, rent, keyman insurance policies, gifts, and interest on compensation.
3) Deductions allowed under section 57 include commission, employee welfare scheme contributions
This document discusses income from other sources as defined by the Indian Income Tax Department. It notes that income from other sources covers any income that does not fall under the other defined heads of income, namely income from salary, house property, capital gains/losses, business and profession. It provides examples of types of income classified as "other sources", including sub-letting income, bank interest, royalty income, director's fees, and others. It also outlines the relevant sections of the Income Tax Act that apply to the taxation of income from other sources.
This document summarizes components of salary, concepts related to salary taxation, and deductions available under the Indian Income Tax Act of 1961. It discusses the tax treatment of salary components like basic pay, allowances, perquisites, and exemptions. It also explains deductions available for insurance premiums, contributions to provident funds, home loans, education loans, and more. Finally, it compares the old and new tax regimes available to taxpayers in India.
This document discusses income that falls under the category of "Income from Other Sources" according to India's Income Tax Act of 1961. It provides definitions and examples of various types of income taxable as "residuary income" including interest income, dividend income, family pension, casual income, and income from property acquired without adequate consideration. It also outlines deductions that can be claimed and expenses that are not deductible for this category of income.
The document discusses the different heads of income under the Indian Income Tax Act. There are five heads of income: (1) income from salary, (2) income from house property, (3) income from profits and gains of business and profession, (4) income from capital gains, and (5) income from other sources. Each head has different rules for what qualifies as taxable income and what deductions can be claimed. The document provides details on what types of income fall under each of the five categories and the specific tax treatment for each.
Income from other sources’ is the residual head of income. Hence, any income which is not specifically taxed under any other head of income will be taxed under this head. It is the fifth and residuary head of income.
The Union Budget for financial year 2019-20 provides the following key highlights:
1) Additional tax deductions are introduced for electric vehicles and affordable housing loans. TDS of 2% will be levied on cash withdrawals over Rs. 1 crore from a bank account. Surcharge on individuals earning over Rs. 2 crore is increased.
2) The benefit of a 25% tax rate is extended to companies with turnover up to Rs. 400 crore. Return filing is made compulsory for high spenders and property buyers.
3) Relaxations are provided to startups regarding tax scrutiny and capital gains exemption. Interest deductibility is expanded for NBFCs. Profit-linked tax deductions
Advanced taxation (cfap5) by fawad hassan [lecture3]Fawad Hassan
1. The document discusses income from salary under the Income Tax Ordinance, 2001. It covers key definitions, principles of taxation, exemptions and perquisites related to salary income.
2. Some of the important aspects covered include the geographical source of income, basis of taxation as cash or accrual, treatment of foreign source income for residents and non-residents, and valuation of perquisites like conveyance and accommodation.
3. The document also discusses various deductions, exemptions and tax treatment of items like pensions, gratuity, provident funds, loans and employee share schemes.
TDS Rate for F.Y. 19-20 comparative with F.Y. 18-19 and other regular require...Masum Gazi
TDS Rate for F.Y. 19-20 comparative with F.Y. 18-19 and other regular requirements of Income Tax required to be complied by a company/Branch office/Liaison office/Bank/Non-Banking Financial Institutions/Insurance companies/NGOs etc. (where applicable)
PPP Loan Forgiveness and Tax Considerations for the Construction IndustryWithum
Join Withum and CFMA South Jersey Chapter for the latest update on PPP loan forgiveness for the construction industry.
As the SBA continues to release guidance, many questions remain surrounding PPP Loan forgiveness. Presented by Withum’s Daniel Mayo, National Lead, Federal Tax Policy, Frank Boutillette, CPA, CGMA, Ron Martino, CPA, CCIFP, Joe O’Drain , CPA and Kim Hullfish, CCIFP, MBA, CRIS, Controller at C. Abbonizio Contractors Inc. and CFMA South Jersey Chapter Board Member. This webinar will provide guidance on PPP Loan Forgiveness and how you can prepare your construction organization for maximum forgiveness.
Attendees will be able to:
-Interpret the updated PPP Loan Forgiveness Application Forms by the SBA (Standard and EZ applications)
- Assess corporate tax provisions of the CARES act
- Identify Accounting/GAAP treatment of PPP loan forgiveness on year-end financial statements
- Income from other sources is a residual head of income that covers any income that does not fall under the other four heads of income (salary, house property, business/profession, capital gains).
- Some examples included under this head are dividend income, interest income, rental income from machinery/furniture, winnings from lotteries, gifts received without consideration.
- Standard deductions are available for repairs, insurance, depreciation of assets let out on rent. Interest received on securities and specific exempt categories are not taxed under this head.
Managerial Remuneration under Companies Act and SEBI (LODR) RegulationsDVSResearchFoundatio
Key Takeaways:
Limits prescribed under Companies Act, 2013
Procedural aspects and provisions of Schedule V
Relaxation of provisions for certain companies
Recent amendments in SEBI (LODR) Regulations
Managerial Remuneration under Companies Act and SEBI (LODR) RegulationsDVSResearchFoundatio
Key Takeaways:
Limits prescribed under Companies Act, 2013
Procedural aspects and provisions of Schedule V
Relaxation of provisions for certain companies
Recent amendments in SEBI (LODR) Regulations
The document discusses various aspects of determining profits and gains from business or profession under the Income Tax Act, including:
1. Items that are charged to tax under this head, such as profits from any business/profession carried out by the assessee.
2. Deductions that are allowed in computing profits, such as rent, rates, taxes, insurance, repairs, depreciation, scientific research expenditures, license fees, and other expenditures.
3. Disallowances under sections 40A and 40B for payments without TDS deduction or exceeding specified limits.
The document summarizes the key aspects of income taxable under the head "Income from other sources" in India. It discusses that any income which is not exempt from tax and is not covered under other specific heads like salary, house property, business, capital gains etc. is taxable under this residuary head. It then provides details of specific incomes taxable under this head, including dividend income, income from gambling activities, deemed income, family pension, interest income and others. It also outlines the attributable expenses that can be deducted and disallowed while computing taxable income under this head.
This document provides information about income from other sources under the Indian Income Tax Act, including:
- Income from other sources is the residual head of income for any income not covered under other heads.
- Section 56(2) lists specific incomes chargeable under this head, such as dividends, lottery winnings, interest, renting of machinery.
- Other incomes chargeable include various types of interest, director's fees, agricultural income from foreign land, and undisclosed income under sections 68-69C.
Managerial remuneration includes salary, allowances, and benefits paid to managing directors, whole-time directors, managers, and professional directors. The document outlines the definitions and appointment procedures for these managerial persons according to Indian law. It also provides the formulas and limits for calculating remuneration based on a company's net profits and effective capital. Key factors like sitting fees, increases in remuneration, and remuneration of foreign directors are also summarized.
Similar to Computation of income from other souces (20)
The India Budget for 2024-25 estimates total expenditure of Rs. 47.65 lakh crore with revenue expenditure accounting for 75% of the total. Revenue receipts are estimated at Rs. 30.01 lakh crore while borrowings are projected to make up 34% of total receipts at Rs. 16.85 lakh crore, resulting in a fiscal deficit of Rs. 16.85 lakh crore. GDP is projected to grow by 10.5% to Rs. 327 lakh crore with per capita income rising to Rs. 2,34,000.
Cuncolim Education Society's College of Arts and Commerce , Cuncolim Goa Dr. Sanjay Sawant Dessai
Profile of The Cuncolim Education Society's College of Arts and Commerce, Cuncolim Goa for the Academic year 2018-19. College offers two undergraduate programmes affiliated to Goa University - Bachelor of Arts and Bachelor of Commerce (CBCS)
Sensex has gained over 16 per cent over a period of last 12 months. there is mix return from all 30 companies, there are 12 companies have given positive returns whereas 8 companies have given negative returns and 10 companies have not performed
This document provides an introduction to cost accounting concepts for students of cost accounting at Goa University. It defines key cost accounting terms like cost, costing, cost accounting, cost unit, cost center, and classifications of costs. It distinguishes between different types of costs such as direct and indirect costs, and fixed and variable costs. It also distinguishes between cost accounting and financial accounting.
Filing of income tax return for the 2017-18 financial year is approaching, with the deadline of July 31st for individuals not requiring a tax audit, and September 30th for those that do. Anyone with over 250,000 rupees in taxable income must file a return. Tax audits are mandatory for businesses over 1 crore rupees in sales and professionals over 50 lakhs in receipts. Returns can be filed online or physically, and different forms apply based on income level and sources. Advance tax is due quarterly for those forecasting over 10,000 rupees in tax, and rates range from 5-30% depending on income level with exemptions for seniors.
Cash flow statement showing movement of cash from operating, investing and financing activity, for B Com students based on Goa University B Com syllabus.
This document provides an overview of ratio analysis for B.Com students based on the Goa University syllabus. It defines ratios and explains that they are used to analyze the financial performance and position of a company. The document then classifies ratios into four main categories - liquidity ratios, profitability ratios, activity ratios, and capital structure ratios. Specific ratios like current ratio, return on assets, inventory turnover ratio, and debt-to-equity ratio are also defined and their calculations explained.
The document outlines the income tax rates for individual residents and non-residents in India for the 2016-17 assessment year. It provides tax slabs and rates for individuals under 60 years old, senior citizens aged 60-79, and super senior citizens aged 80 and older. Tax rates range from nil to 30% depending on the income slab and age of the individual. Surcharge of 12% and education cess of 3% are also applied based on the total income.
Good and services tax is likely to be implemented from 1st April 2017. In this presentation, an attempt is made to understand the benefits of the GST over the present indirect tax system
The document summarizes the impact of India's demonetization announcement on November 8th, 2016 on the stock prices of 30 Sensex companies as of November 21st. It shows that the majority of companies saw a decrease in their stock prices, with Tata Motors, Maruti Suzuki, and Asian Paints declining the most between 15-16%. A few companies like Dr. Reddy's Labs, Cipla, ONGC and Power Grid saw small increases between 1-5%, while NTPC saw no change.
NITI Aayog is India's new think tank that replaced the Planning Commission. It was created to foster cooperative federalism and involve states in the development process. The document outlines the structure and objectives of NITI Aayog, how it differs from the Planning Commission by taking a bottom-up approach and being more advisory. In its first year, NITI Aayog focused on developing strategies and policies around key issues like manufacturing, energy, and poverty elimination through collaborating with states and other think tanks. While initial progress looks good, the success of NITI Aayog will depend on proper implementation of policies in the coming years.
Gender and Mental Health - Counselling and Family Therapy Applications and In...PsychoTech Services
A proprietary approach developed by bringing together the best of learning theories from Psychology, design principles from the world of visualization, and pedagogical methods from over a decade of training experience, that enables you to: Learn better, faster!
Chapter wise All Notes of First year Basic Civil Engineering.pptxDenish Jangid
Chapter wise All Notes of First year Basic Civil Engineering
Syllabus
Chapter-1
Introduction to objective, scope and outcome the subject
Chapter 2
Introduction: Scope and Specialization of Civil Engineering, Role of civil Engineer in Society, Impact of infrastructural development on economy of country.
Chapter 3
Surveying: Object Principles & Types of Surveying; Site Plans, Plans & Maps; Scales & Unit of different Measurements.
Linear Measurements: Instruments used. Linear Measurement by Tape, Ranging out Survey Lines and overcoming Obstructions; Measurements on sloping ground; Tape corrections, conventional symbols. Angular Measurements: Instruments used; Introduction to Compass Surveying, Bearings and Longitude & Latitude of a Line, Introduction to total station.
Levelling: Instrument used Object of levelling, Methods of levelling in brief, and Contour maps.
Chapter 4
Buildings: Selection of site for Buildings, Layout of Building Plan, Types of buildings, Plinth area, carpet area, floor space index, Introduction to building byelaws, concept of sun light & ventilation. Components of Buildings & their functions, Basic concept of R.C.C., Introduction to types of foundation
Chapter 5
Transportation: Introduction to Transportation Engineering; Traffic and Road Safety: Types and Characteristics of Various Modes of Transportation; Various Road Traffic Signs, Causes of Accidents and Road Safety Measures.
Chapter 6
Environmental Engineering: Environmental Pollution, Environmental Acts and Regulations, Functional Concepts of Ecology, Basics of Species, Biodiversity, Ecosystem, Hydrological Cycle; Chemical Cycles: Carbon, Nitrogen & Phosphorus; Energy Flow in Ecosystems.
Water Pollution: Water Quality standards, Introduction to Treatment & Disposal of Waste Water. Reuse and Saving of Water, Rain Water Harvesting. Solid Waste Management: Classification of Solid Waste, Collection, Transportation and Disposal of Solid. Recycling of Solid Waste: Energy Recovery, Sanitary Landfill, On-Site Sanitation. Air & Noise Pollution: Primary and Secondary air pollutants, Harmful effects of Air Pollution, Control of Air Pollution. . Noise Pollution Harmful Effects of noise pollution, control of noise pollution, Global warming & Climate Change, Ozone depletion, Greenhouse effect
Text Books:
1. Palancharmy, Basic Civil Engineering, McGraw Hill publishers.
2. Satheesh Gopi, Basic Civil Engineering, Pearson Publishers.
3. Ketki Rangwala Dalal, Essentials of Civil Engineering, Charotar Publishing House.
4. BCP, Surveying volume 1
Level 3 NCEA - NZ: A Nation In the Making 1872 - 1900 SML.pptHenry Hollis
The History of NZ 1870-1900.
Making of a Nation.
From the NZ Wars to Liberals,
Richard Seddon, George Grey,
Social Laboratory, New Zealand,
Confiscations, Kotahitanga, Kingitanga, Parliament, Suffrage, Repudiation, Economic Change, Agriculture, Gold Mining, Timber, Flax, Sheep, Dairying,
This document provides an overview of wound healing, its functions, stages, mechanisms, factors affecting it, and complications.
A wound is a break in the integrity of the skin or tissues, which may be associated with disruption of the structure and function.
Healing is the body’s response to injury in an attempt to restore normal structure and functions.
Healing can occur in two ways: Regeneration and Repair
There are 4 phases of wound healing: hemostasis, inflammation, proliferation, and remodeling. This document also describes the mechanism of wound healing. Factors that affect healing include infection, uncontrolled diabetes, poor nutrition, age, anemia, the presence of foreign bodies, etc.
Complications of wound healing like infection, hyperpigmentation of scar, contractures, and keloid formation.
THE SACRIFICE HOW PRO-PALESTINE PROTESTS STUDENTS ARE SACRIFICING TO CHANGE T...indexPub
The recent surge in pro-Palestine student activism has prompted significant responses from universities, ranging from negotiations and divestment commitments to increased transparency about investments in companies supporting the war on Gaza. This activism has led to the cessation of student encampments but also highlighted the substantial sacrifices made by students, including academic disruptions and personal risks. The primary drivers of these protests are poor university administration, lack of transparency, and inadequate communication between officials and students. This study examines the profound emotional, psychological, and professional impacts on students engaged in pro-Palestine protests, focusing on Generation Z's (Gen-Z) activism dynamics. This paper explores the significant sacrifices made by these students and even the professors supporting the pro-Palestine movement, with a focus on recent global movements. Through an in-depth analysis of printed and electronic media, the study examines the impacts of these sacrifices on the academic and personal lives of those involved. The paper highlights examples from various universities, demonstrating student activism's long-term and short-term effects, including disciplinary actions, social backlash, and career implications. The researchers also explore the broader implications of student sacrifices. The findings reveal that these sacrifices are driven by a profound commitment to justice and human rights, and are influenced by the increasing availability of information, peer interactions, and personal convictions. The study also discusses the broader implications of this activism, comparing it to historical precedents and assessing its potential to influence policy and public opinion. The emotional and psychological toll on student activists is significant, but their sense of purpose and community support mitigates some of these challenges. However, the researchers call for acknowledging the broader Impact of these sacrifices on the future global movement of FreePalestine.
This presentation was provided by Rebecca Benner, Ph.D., of the American Society of Anesthesiologists, for the second session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session Two: 'Expanding Pathways to Publishing Careers,' was held June 13, 2024.
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Computation of income from other sources
For Assessment year 2017-18
Based on B Com syllabus(Taxation) of Goa
University
Presented by
Dr. Sanjay P S Dessai
Associate Professor
VVMs Shree Damodar College Margao Goa
2. COMPUTATION OF INCOME FROM OTHER
SOURCES
• Sec. 56 Basis of charge
• Sec 57 Permissible Deductions
• Sec 58 Amount not deductible
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3. Introduction
• Any income, profit or gains of the assessee,
which cannot be included in any other heads
of income (salary /House Property/Business or
Profession/ Capital Gains) is chargeable under
the head Income from other source.
• Residuary head of income
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4. Section 56 income chargeable under
other sources
1. Dividends
Deemed dividend under section 2(22) from Indian company or any dividend
from foreign company is taxable in the hands of shareholders.
(Dividend is exempted from tax in the hands of shareholders, since
company is paying tax on divided)
2. Winning from lotteries etc.
Any winnings from lotteries, crossword puzzles, races including horse races,
card games and other games of any sort or from gambling or betting of
any form or nature whatsoever.
3. Employees’ contribution towards staff welfare scheme (if not
deposited on govt treasury on time )
4. Interest on securities/bonds
Interest on debentures, govt. securities /bonds is taxable , if not chargeable
under the head business or profession.
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5. 5. Rental income from machinery, plant or furniture let on hire if
not chargeable under the head business or profession.
6. Sum received under Keyman insurance policy- sum including
bonus received under Keyman Insurance Policy shall be treated as
income chargeable to tax under this head if not taxable as salary
or business income.
7. Gifts- any sum of money or property received without
consideration by an individual or HUF from any person exceeding
Rs. 50,000, the whole of such amount is taxable in the hands of
recipient. (applicable from 1st october 2009)
8. Interest on compensation
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6. Deemed dividends
• Under section 2(22) the following payments or distribution by a company
to its shareholders are deemed as dividends to the extent of accumulated
profits
1. Any distribution entailing the release of company assets
2. Any distribution of debentures , debenture stocks , deposit certificates
and bonus to preference shareholders
3. Distribution on liquidation of company
4. Distribution on reduction of capital
5. Any payment by way of loan or advance by closely held company to a
shareholding substantial, interest provided the loan should not have
been made the ordinary course of business
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7. Examples of income under other
sources
• Income from sub-letting
• Interest on bank deposits and loans
• Income from royalty
• Directors fees
• Ground rent
• Agriculture income received outside India
• Directors commission for standing as a guarantor to bankers
• Directors commissions for underwriting shares of new company
• Examination remuneration received by teacher
• Remuneration received by a person from a person other than his employer
• Rent of plot of land
• Insurance commission
• Mining rents and royalties
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8. • Interest on foreign government securities
• Casual income
• Annuity payable under will , contract , trust, deed
• Salary payable to MP
• Family pension received by family member of a deceased employee
• Interest on employees contribution if provident fund is unrecognized
• Income from undisclosed sources
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9. Tax incidence on winning from
lotteries etc.
• Gross winning from lotteries, crossword
puzzles, races including horse races, card
games of any sort or from gambling or betting
of any nature whatsoever are chargeable in
income tax at flat rate of 30 percent
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10. Permissible Deductions allowed under
section 57
1. Commission or remuneration for realising dividend or
interest on securities
2. Deduction in respect of employees contribution towards
staff welfare schemes (if contributing is credited to
employees respective fund before due date)
3. Repairs, depreciation and insurance in case of letting of
plant , machinery and furniture, building etc.
4. Standard deduction in case of family pension (15,000 0r 33
one third percent of such income , whichever is less.)
5. Any other expenses for earning income
6. Standard deduction 50 percent in case of interest on
compensation
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11. Amounts not deductable (58)
• Personal expenses
• Any interest paid outside India on which Tax is
not deducted at source TDS
• Any salary paid outside India without TDS
• Any expenditure or allowance in connection
with income by way of any winning from
lotteries etc.
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12. Interest on saving bank account in a
post office is exempt U/S 10(15)
• Interest on saving bank account in a post
office is exempt
• Up to RS 3,500 in the case of an individual
account and
• Up to Rs 7,000 in the case of a joint account.
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