WebIncome from house property • Illustration : • Vikram owns a building which consists of three apartments, the construction of which was completed in Dec.2011. The apartments were let out on rent at Rs.1500/- per month. The annual municipal value is Rs.50000/- . Annual municipal taxis Rs.10000/-However, during previous year 2014-15, he paid municipal … WebPresenting this set of slides with name Comparative Income Statement Income Tax Ppt Powerpoint Presentation Model Example Topics. The topics discussed in these slides are …

PPT - INCOME TAX PowerPoint Presentation, free download - ID:5118492

WebOct 3, 2014 · Corporate Tax Rate Resident Company All income 28%. Two-Tier Corporate Tax Rate – YA 2003 • With effect from YA 2003,a resident company with paid-up capital … WebTaxation: Exempt Incomes • Sum received from Life insurance policy including bonus but this exemption isnot available for: a) Scheme under sec.80DD – Maintenance and medical treatment of dependant with disability b) Key man insurance policy c) Where annual premium exceeds 10% of actual capital sum assured. d) An insurance policy issued after … highland hollywood hotel

Accounting for income taxes - PowerPoint PPT Presentation

WebFeb 24, 2024 · Corporate - Taxes on corporate income. Last reviewed - 24 February 2024. Resident companies are liable to corporate income tax (CIT) on their worldwide income while non-residents are subject to CIT on their Nigeria-source income. The CIT rate is 30% for large companies (i.e. companies with gross turnover greater than NGN 100 million), … WebJul 4, 2024 · In a nutshell, the PPT aims to deny tax treaty benefits in case of treaty abuse and it consists of three main elements: A benefit under a tax treaty includes a tax deduction, exemption, deferral or refund. In the OECD Model, the benefit under tax treaty is found in the provisions of Art. 6 to 22, art. 23, and art. 24 of the OECD Model Tax Treaty. WebTaxation -Salary Taxation -Salary 7.Surrender of Salary: If an employee surrenders his salary u/s 2 of Surrender of Salaries (Exemption from taxation act 1961), the salary so surrendered would be excluded. 8.Salary is taxable on due or receipt basis, whichever is earlier. 9.Place of accrual of salary income: • Normally the place of accrual of is the place where service … how is ford motor company doing today