Section 40A(7) provides that no deduction would be allowable to any taxpayer carrying on any business or profession in respect of any provision (whether called as provision or by any other names) made by him towards the payment of gratuity to his employers on their retirement or on the termination of their employment for any … Read more
Donald Trump’s granddaughter Kai Trump’s boyfriend Zachery is currently facing allegations for his involvement in a crypto scam and also evading $10 million in taxes. Zachery, who is 21 years old, has inherited millions from his family’s estate and owns numerous real estate properties in New York City’. As of 2024, Kai Trump’s net worth … Read more
Joy Reid has a net worth of $7 million USD as of 2024. Reid earns a $1.5 million salary annually from MSNBC. Reid started her career way back in 1988. Her first job was with a radio station, making $350 per month. She is married to Jason Reid, a documentary film editor, and they have … Read more
Section 124. Procedure for Confiscation of Goods: These provisions are applicable to Central Excise also. Before confiscation, a show cause notice has to be served on the owner of the goods. An opportunity shall be given for representation of the case. The show cause notice must be given only with prior approval of an officer … Read more
Sandra Smith is a co-anchor of America Reports on the Fox News Channel and has a net worth of $40 million. Smith earns a $7 million salary annually. Smith has inherited $3.2 million from her family estate. The inheritance includes several real estate properties and land in Boulder, Colorado, where she grew up. Sandra Smith’s … Read more
Section 115BB This section provides that income by way of winnings from lotteries, crossword puzzles, races including horse races or card games and other games of any sort or from gambling or betting of any form would be taxed at a flat rate of 30% plus surcharge, if applicable, plus health and education cess@4%. However, … Read more
(i) Earning/ Cash Flow Approach: In this approach, estimated cash flows for the foreseeable future are discounted to present value and business is valued accordingly. (ii) Asset approach: This approach is generally used when the business is not a going concern viz. during liquidation, untimely losses etc. The assets and liabilities are valued based on … Read more
It is obvious that the CAPM has gained massive popularity due to its ‘intuitive based approach’ of classifying risks into 2 buckets – ‘a risk free part’ and ‘the risk part that is relative to the market index’. However, this is also its greatest inherent weakness – the oversimplification of risks. Origins of Arbitrage Pricing … Read more
Conditions for Section 54D There must be compulsory acquisition of land and building or any right in land or building forming part of an industrial undertaking. The land and building should have been used by the assessee for purposes of the business of the industrial undertaking in the 2 years immediately preceding the date of … Read more
As of 2024, Charlie Sheen’s net worth is $3 million. According to Forbes, he earned a $1.8 million salary per episode from ‘Two and a Half Men’. During the first two seasons of the show, He was paid a record salary of $650,000 per episode. Charlie Sheen Net Worth 2024 Charlie Sheen is today facing … Read more