SOURCES OF BANK’S INCOME A bank is a business organisation engaged in the business of borrowing and lending money. A bank can earn income only if it borrows at a lower rate and lends at a higher rate. The difference between the two rates will represent the costs incurred by the bank and the profit. Bank also provides a number of services to its customers for which it charges commission. This is also an important source of income. The followings are the various sources of a bank’s profit: 1
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Any income which is not chargeable to tax under Section 15‚ 22‚ 28‚ or 45‚ will be chargeable to tax as Income from Other Sources (IFOS) i.e. any income not taxable under the head Income from Salary‚ House Property‚ Business/Profession or Capital Gains‚ is chargeable to tax as Income from Other Sources. Section 56 (2): Under Section 56 (2)‚ the items that are mentioned as taxable under this head are as follows:- 1. Interest on Securities‚ provided Securities are held as Investment and not as
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Macroeconomics –372 Final1) The largest source of household income in the U.S. is obtained fromB. wages and salaries2) The market where business sell goods and services to households andthe government is called theA. goods market3) Real gross domestic product is best defined asC. the market value of all final goods and services produced in aneconomy‚ stated in the prices of a given year 4) Underemployment includes peopleB. who are working part time‚ or not using all their skills at a full-time job5)
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future. Flashy exaggeration at the hands of the stylists‚ ever compelled to ‘improve’ on last year’s model‚ gave streamlining a bad name.” (Hodges‚ Coad‚ Stone‚ Sparke‚ Aldersey-Williams‚ The New Design Source Book‚ 1992‚ p.158) Discuss in relationship to the ‘innovation’ in household designs of the 1950’s‚ how do these designs compare to similar examples of today? Do designers today feel “compelled to improve on last years model? “American corporate designers were learned in Modernist theory‚ but
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The Household Income and Expenditure Survey of 1993 carried out by the Government Statistical Bureau estimated that the Amerindian population of Guyana counted 50‚222 upon an overall population of 707‚458 people. With other words‚ the Amerindian population is good for approximately 7 % of the Guyanese population. The majority of the Amerindian communities are located in the hinterland regions‚ where the Amerindians form up to 90 % of the population‚ in hilly and mountainous areas that aren’t easily
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Transportation is the largest single source of air pollution Today’s on-road vehicles produce over a third of the carbon monoxide and nitrogen oxides in our atmosphere and over twenty percent of the global warming pollution. This air pollution carries significant risks for human health and the environment. Through clean vehicle and fuel technologies‚ we can significantly reduce air pollution from our cars and trucks‚ while cutting projected U.S. oil use in half within the next 20 years. Cars and
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DEVELOPING SKILLS Set B Review Test 1 Grammar & Usage Grammar & Usage Review Test 1 Part A Part B http://www.aristo.com.hk 1 DEVELOPING SKILLS Set B Review Test 1 Grammar & Usage Grammar Practice In this article‚ some of the verbs are incorrect. Decide if the underlined verbs are correct. The first two have been done for you. P.62 http://www.aristo.com.hk 2 DEVELOPING SKILLS Set B Review Test 1 Grammar & Usage The Olympics (1) had changed the lives of (1) has changed _____________
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The Roaring Twenties is traditionally viewed as an era of great economic prosperity driven by the introduction of a wide array of new consumer goods. The North American economy‚ particularly the economy of the US‚ transitioned from a wartime economy to a peacetime economy; the economy subsequently boomed. The United States augmented its standing as the richest country in the world‚ its industry aligned to mass production and its society acculturated into consumerism. In Europe‚ the economy did not
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English‚ the Official Language in the U. S. Michele Hoard ENG 122 Instructor Nelly Aguilar March 7‚ 2011 English‚ the Official Language in the U. S. The researcher stated that English is now the official language in the United States. There are documents that discuss the importance of an official language in America‚ which supports this statement. In this research there are further details about English as the Official Language in the U. S. and how language can unite people in society
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questions (Answer all questions) (Due on 28 October 2005 by 5pm) Question 1 (20 Marks) (a) Households in a certain city were surveyed to determine whether they would or would not subscribe to a cable television service. The households were classified as “low‚” “meddle‚” or “high” income. The below gives the proportions of households in each of the six joint classifications. |Income |Subscribe
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