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Tax capital accounts are partners' "Outside Basis" (however, unlike outside basis, the partnership's recourse and nonrecourse liabilities are not included in partners' tax-basis capital accounts) and under Section 722 are initially determined by reference to the partner's contributed cash amount and the adjusted basis of the contributed property.
In general, as a tax is any compulsory financial charge levied on a taxpayer by a governmental organisation, [4] all the payments listed here are taken into account as taxes. Some taxes are levied on income and some are levied on the assets of those who pay that income. Therefore, there are two viewpoints on what is the effective tax rate:
A study released by the University of Cincinnati in October 2011 determined that Ohio's state government could increase tax revenue by at least $200 million per year if Congress were to require online retailers to collect and remit sales taxes. Ohio consumers who make online purchases are already required to self-report and pay sales tax but ...
(Reuters) -Republican U.S. presidential candidate Donald Trump said on Thursday that he will end all taxes on overtime pay as part of a wider tax cut package, if he is elected in the Nov. 5 election.
The term electronic payment refers to a payment made from one bank account to another using electronic methods and forgoing the direct intervention of bank employees. Narrowly defined electronic payment refers to e-commerce —a payment for buying and selling goods or services offered through the Internet, or broadly to any type of electronic ...
Company rule in India (sometimes Company Raj, [6] from Hindi rāj, lit. ' rule ' [7]) was the rule of the British East India Company on the Indian subcontinent.This is variously taken to have commenced in 1757, after the Battle of Plassey, when the Nawab of Bengal Siraj ud-Daulah was defeated and replaced with Mir Jafar, who had the support of the East India Company; [8] or in 1765, when the ...
It is a true alternative payment method that does not require the use of credit/debit cards or pre-registration at an online payment solution such as PayPal, thus bypassing banks and credit card companies altogether. This type of mobile payment method, which is prevalent in Asia, [citation needed] provides the following benefits:
Founded in 1982, initially Religare was a stock brokerage firm called Religare Securities Limited (RSL) and was admitted to the National Stock Exchange (NSE) in 1994. The erstwhile promoters were Malvinder Mohan Singh and Shivinder Mohan Singh who were part of Ranbaxy Group before selling their stake in Ranbaxy to Daiichi Sankyo in 2008.