Part of the our current series of Professional Briefings for Owner/Managers of SMEs, the December briefing covered the "Dark art" of business valuation.
Bournemouth - Essential 6-monthly Finance Directors' Update - June 2018PKF Francis Clark
Our six-monthly Finance Seminars provide an overview of the most important technical developments in financial reporting and taxation. The seminars address the key topical financial matters, the opportunities they present, how they affect your business and the pitfalls you can avoid.
Following recent high profile corporate failures, we look at corporate governance and the responsibility of the Finance Director in managing risk and compliance, together with key updates on tax, employee benefits, financial reporting and corporate finance.
Part of the our current series of Professional Briefings for Owner/Managers of SMEs, the December briefing covered the "Dark art" of business valuation.
Bournemouth - Essential 6-monthly Finance Directors' Update - June 2018PKF Francis Clark
Our six-monthly Finance Seminars provide an overview of the most important technical developments in financial reporting and taxation. The seminars address the key topical financial matters, the opportunities they present, how they affect your business and the pitfalls you can avoid.
Following recent high profile corporate failures, we look at corporate governance and the responsibility of the Finance Director in managing risk and compliance, together with key updates on tax, employee benefits, financial reporting and corporate finance.
Presentation at the Stanford & Silicon Valley Community Foundation Conference on Charitable Giving 2018
Kirsten Wolff
Charitable Lead Trusts Demystified
Sideman & Bancroft LLP
Indian companies are taxable in India on their worldwide income, irrespective of its source and origin. Get more details at http://www.helpwithassignment.com/
Monitoring Health for the SDGs - Global Health Statistics 2024 - WHOChristina Parmionova
The 2024 World Health Statistics edition reviews more than 50 health-related indicators from the Sustainable Development Goals and WHO’s Thirteenth General Programme of Work. It also highlights the findings from the Global health estimates 2021, notably the impact of the COVID-19 pandemic on life expectancy and healthy life expectancy.
Presentation at the Stanford & Silicon Valley Community Foundation Conference on Charitable Giving 2018
Kirsten Wolff
Charitable Lead Trusts Demystified
Sideman & Bancroft LLP
Indian companies are taxable in India on their worldwide income, irrespective of its source and origin. Get more details at http://www.helpwithassignment.com/
Monitoring Health for the SDGs - Global Health Statistics 2024 - WHOChristina Parmionova
The 2024 World Health Statistics edition reviews more than 50 health-related indicators from the Sustainable Development Goals and WHO’s Thirteenth General Programme of Work. It also highlights the findings from the Global health estimates 2021, notably the impact of the COVID-19 pandemic on life expectancy and healthy life expectancy.
Donate to charity during this holiday seasonSERUDS INDIA
For people who have money and are philanthropic, there are infinite opportunities to gift a needy person or child a Merry Christmas. Even if you are living on a shoestring budget, you will be surprised at how much you can do.
Donate Us
https://serudsindia.org/how-to-donate-to-charity-during-this-holiday-season/
#charityforchildren, #donateforchildren, #donateclothesforchildren, #donatebooksforchildren, #donatetoysforchildren, #sponsorforchildren, #sponsorclothesforchildren, #sponsorbooksforchildren, #sponsortoysforchildren, #seruds, #kurnool
Preliminary findings _OECD field visits to ten regions in the TSI EU mining r...OECDregions
Preliminary findings from OECD field visits for the project: Enhancing EU Mining Regional Ecosystems to Support the Green Transition and Secure Mineral Raw Materials Supply.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
RFP for Reno's Community Assistance CenterThis Is Reno
Property appraisals completed in May for downtown Reno’s Community Assistance and Triage Centers (CAC) reveal that repairing the buildings to bring them back into service would cost an estimated $10.1 million—nearly four times the amount previously reported by city staff.
Working with data is a challenge for many organizations. Nonprofits in particular may need to collect and analyze sensitive, incomplete, and/or biased historical data about people. In this talk, Dr. Cori Faklaris of UNC Charlotte provides an overview of current AI capabilities and weaknesses to consider when integrating current AI technologies into the data workflow. The talk is organized around three takeaways: (1) For better or sometimes worse, AI provides you with “infinite interns.” (2) Give people permission & guardrails to learn what works with these “interns” and what doesn’t. (3) Create a roadmap for adding in more AI to assist nonprofit work, along with strategies for bias mitigation.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
About Potato, The scientific name of the plant is Solanum tuberosum (L).Christina Parmionova
The potato is a starchy root vegetable native to the Americas that is consumed as a staple food in many parts of the world. Potatoes are tubers of the plant Solanum tuberosum, a perennial in the nightshade family Solanaceae. Wild potato species can be found from the southern United States to southern Chile
Synopsis (short abstract) In December 2023, the UN General Assembly proclaimed 30 May as the International Day of Potato.
1. INCOME TAX LAW AND
ACCOUNTS - II
MUTHUMON.T.R
Assistant Professor
Department of Commerce
NSS College Pandalam
2. CAPITAL GAINS
Main points
• Profits or gains earned from the transfer of
capital assets are assessed under this head
• Elements essential for a transaction to be
assessed under this head
– There should be transfer of asset
– The transferred asset should be a capital asset
– The transfer must be effected during the P/yr
3. • Assets
• Assets not considered as capital assets
-Stock in trade, consumable stores/ raw materials
-Personal effects like wearing apparel, furniture,
car, home appliances etc.
-Agricultural land in Indian rural areas.
-6.5% Gold bonds,
-Special bearer bonds
-Gold deposit bonds
-Deposit certificate issued under Gold
monetisation scheme
4. • Kinds of Capital assets
-Short term capital assets
-Long term capital assets
Short term capital gains: Capital gain resulting
from the transfer of short term capital asset
Long term capital gains: Capital gain resulting
from the transfer of Long term capital asset
5. • Transfer
• Year of chargeability
• Transactions not regarded as Transfer
• Full value of consideration
• Computation of Capital gains:
Short term capital gain
1) Find out the full value of consideration and deduct
a) Expenditure incurred wholly and exclusively in connection with
the transfer
b) Cost of acquisition
c) Cost of improvement
2) Make deductions in sections 54B, 54D, 54G and 54GA..
3) The balance amount is short term capital gain.
6. Long term capital gain:
1) Find out the full value of consideration and
deduct
a) Expenditure incurred wholly and exclusively in
connection with the transfer
b) Indexed Cost of acquisition
c) Indexed Cost of improvement
2) Make deductions in sections 54B, 54D, 54G and
54GA..
3) The balance amount is Long term capital gain.
7. COST INFLATION INDEX WITH BASE YEAR 2001-02
YEAR COST INFLATION INDEX
2001-02 100
2002-03 105
2003-04 109
2004-05 113
2005-06 117
2006-07 122
8. • Cost of acquisition
• Cost to the previous owner
• Cost of bonus share
• Cost of acquisition of shares in amalgamated
company
• Cost of acquisition of converted shares or
debentures.
• Cost of acquisition on rights issue of share or
security.
• Cost of acquisition on consolidation or conversion
9. INCOME FROM OTHER SOURCES
• Income of an assessee during the previous year which
is not attributable to a particular income is assessed
under the head “ Income from other sources”
• Incomes chargeable under “Other sources”
– Dividends
– Winnings from lottery, crossword puzzles, gambling,
betting, card games, horse races etc
– Fund of employees
– Interest on securities, if not chargeable under the head
Profits and gains of Business or Profession.
– Income from Machinery, Plant, furniture etc
– Amount received under ‘Keyman insurance policy’
10. • Situations where gift is not taxable
• Relatives for the purpose of tax on gift.
• Incomes commonly included under “Other sources”
• Deductions allowable from ‘Income from other
sources’
• Certain expenses or payments not deductible.
• Ex-interest transactions of securities
• Income from Deep discount bonds
• Bond washing transactions
• Deduction of tax at source
11. • Rates for TDS
– On interest other than interest on securities- 10%
– On winnings from lotteries, crossword puzzles, card
games - 30%
– On income by way of winnings from horse races -30%
– On income by way of insurance commission – 10%
Education cess
Surcharge
Grossing up of interest on securities
Grossing up of Income from lottery, cross word puzzles
12. CLUBBING OF INCOME
• Meaning
• Income belonging to certain other persons will be
compulsorily added to the income of an assessee in some
cases. This process is called CLUBBING OF INCOME.
Income of spouse
Income from asset transferred
Income of daughter in law
Income from asset transferred to a person or association of
persons for the benefit of spouse
Income from assets transferred to a person or AOP for the
benefit of son’s wife.
Income from business
13. • Income of a minor child
• Cross transfers.
• Income from converted property
• Benami transaction
14. SET OFF OF LOSSES AND CARRY
FORWARD AND SET OFF OF LOSSES
• Set off of losses
• Set off of loss from one head against income from
another head.
• Losses of AOP or BOI
• Set off of losses is not allowed against exempted
incomes
• Situations where set off is not allowed.
• Unabsorbed depreciation.
• Practical problems