Wednesday, 19th Jun 2013

Differences between Project Management and Operations Management

There are some distinct differences between project management and operations management. These differences are presented below Project management is a temporary activities or a process, whereas operations management is a ongoing activities or process. Project management is unique task in nature, on the other hand operations management is repetitive task in nature. Project management’s purpose …

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financial statements, balance sheet, income statement, cash flows statement, statement of stockholders equity

What are the Components of a Set of Financial Statements

Financial statements are often described as the language of business. These statements tell the condition and performance of a business historically, currently and prospectively. They are the tongues of businesses that communicate with their users and readers. A full set of financial statements provides overall situation of the business for example, financial position at the …

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stock market, capital market, primary market, secondary market, derivatives market, option and futures

What is the Difference between Money Market and Capital Market

Both money market and capital market are important in the financial market. The capital market actually consists of two markets. The first market is the primary market and it is where new issues are distributed to investors, and the secondary market where existing securities are traded. Money market is distinguished from capital market on the basis …

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earnings per share, dividend payout ratio, dividend policy

Concept of Shareholder’s Wealth Maximization

Maximization of profit is not as a goal as maximization of shareholders wealth, profit maximization has some limitations over wealth maximization. These limitations are as follows: Profit is absolute terms is not a proper guide to decision making. It should be expressed on a per share basis or related to investment. It leaves considerations of …

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database management system, database, microsoft access, relational database

What is Database Management System

Database management system (DBMS), also known as a database manager, consists of programs for storing, cross-indexing, retrieving, and manipulating large amounts of data. With database management system software, anyone can compile huge lists of data, and also manipulate, store, and retrieve it without having to touch a single file cabinet or folder. Because they can …

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Differences between Project Management and Operations ManagementWhat are the Components of a Set of Financial StatementsWhat is the Difference between Money Market and Capital MarketConcept of Shareholder’s Wealth MaximizationWhat is Database Management System

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Taxation II

Key Concept:: 

Ethical considerations: relevance and importance of key ethical and professional issues- investments and expenditure which legally reduce tax liability- actual or proposed transactions those treatments- tax considerations can affect any investment decisions- national, regional and local taxation- tax losses can be used by a business entity- alternative methods of achieving business objectives- tax implications for a business entity.

The taxation of individuals: actual or proposed transactions those treatments- calculation of foreign tax- tax losses can be used by an individual- alternative methods of achieving personal objectives- tax implications for an individual of different courses of action.

Investigations and disputes: taxpayer’s right of appeal- process for dealing with taxation disputes.

Questions and Answer Section:

Permanent link to this article: http://icabtutorial.com/ca-under-icab/ca-application-level/taxation-ii/

Study Materials

What are the Cannons of Taxation? Various Terms Relating to Taxation? What is Pension Funds and Types of Pension Funds?  

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