Tax Relief for Resident Individual Year 2010‚ 2011 & 2012 No. Individual Relief Types Amount (RM) 1 Self and Dependent 9‚000 2 Medical expenses for parents 5‚000 (Limited) 3 Basic supporting equipment 5‚000 (Limited) 4 Disabled Individual 6‚000 5 Education Fees (Individual) 5‚000 (Limited) 6 Medical expenses for serious diseases 5‚000 (Limited) 7 Complete medical examination 500 (Limited) 8 Purchase of books‚ journals‚ magazines and publications 1‚000 (Limited)
Premium Tax Tax refund Income tax
removed from the tax base by law Deductions- subtracted from the tax base rather than fully excluded. Flat tax- one single rate applied to the entire tax base. Progressive tax- rates increase as tax base increases. (Federal income tax) Tax credit- authorized deduction in gross tax liability Real and personal property taxes- Real (real estate) Personal (difficult to enforce because property is easily concealed or moved‚ with the exception of vehicles which must be registered) Excise tax- imposed on
Premium Taxation in the United States Taxation Tax
TAX IMPLICATIONS OF AMALGAMATION‚ DEMERGER AND REVERSE MERGER Prachi Mathur Roll No. 747 IX Semester‚ Business Law Honors INTRODUCTION The terms ‘Amalgamation’ or ‘Merger’ and ‘De-merger’ are not defined in the Companies Act‚ 1956. Chapter V of Part VI of Companies Act comprising sections 390 to 396A contain provisions regarding Compromises‚ Arrangement and Reconstructions. In the Companies Bill which has been passed by the Rajya Sabha on August 8‚ 2012‚ Chapter XV lays down provisions for
Premium Tax Balance sheet Taxation
23/09/2013 Corporate tax avoidance by multinational firms In this briefing: The scale of Member States’ (MS) losses through the increasingly aggressive use of tax-avoidance schemes by multinational companies (MNCs) is difficult to estimate‚ but is considered serious. Press reports have highlighted the low tax paid by well-known‚ very successful companies. The tax reduction methods used by MNCs have been well known for decades. They include transfer pricing‚ the use of lower-tax jurisdictions‚ over-charging
Free Tax Taxation
conditions for the oppressed. Fortunately‚ reform groups of the 1800’s‚ the Progressives and the New Deal alliance‚ worked to change the lives of the underserved. While the Progressives made more advances in social reforms‚ the New Deal made more advancements economically and still worked to create important social reforms for citizens. While Improving conditions of the impoverished was important to both the Progressives and the New Deal alliance‚
Premium United States Progressive Era Theodore Roosevelt
Jade :Davis Period 2 6.1 HW 1. What was the primary goal of Progressive Era muckrakers? A muckraker seeks to expose corruption of businesses or government to the public. The term originates with writers of the Progressive movement within the United States who wanted to expose corruption and scandals in government and business. Muckrakers often wrote about the wretchedness of urban life and poverty‚ and against the established institutions of society‚ such as big business. They were often accused
Premium Theodore Roosevelt Progressive Era Muckraker
During the period between 1865 and 1914 I believe that the federal government extended freedoms for Americans as groups through the Reconstruction Era‚ the Gilded Age‚ and the Progressive Era each of these are major events in history that had an impact on freedom in the United States. African America slaves‚ immigrants‚ the working class‚ and women are all groups that grained freedom. Overall‚ I think the federal government had an effective protector of freedom. During the Reconstruction Era this
Premium American Civil War Gilded Age United States
Article 1. Nature of the tax The income tax on individuals is a personal‚ direct tax levied according to the principles of equality‚ universality and progressivity‚ the income of individuals according to their nature and their personal and family circumstances. Article 2. Object of the tax The object of the taxpayer’s income tax‚ understood as the entirety of their income‚ capital investments and losses and income allocations established by law‚ regardless of where they may have occurred and
Premium Tax Pension
Question 1(A): Briefly review the tax system in Malaysia A tax is a financial charge or other levy imposed upon a taxpayer that known as an individual or legal entity by a state or the functional equivalent of a state such that failure to pay is punishable by law. Taxation is a compulsory levy that the government of a country will finance their expenditure by imposing charge to the persons‚ individuals‚ businesses and other bodies to allows the government provide money needed for them
Premium Tax Value added tax Taxation
The Progressive Era‚ which lasted from 1900 to 1918‚ was a time in which the American government and its people aimed to improve their economic status and to correct injustices of their country. Here are the ten leading reform movements: 1. Civil Rights After the Civil War‚ some would have expected that racism would have stopped but unfortunately‚ that didn’t happened. Racism still existed in the American society in the stated era therefore civil rights organizations‚ most made for African-Americans
Premium United States Progressive Era Political philosophy