Presumptive tax is a way of applying a tax using indirect methods. These methods may be income reconstruction, or other methods. This is a good way to ensure the tax is not avoided.
Section 44B of the Income Tax Act pertains to the taxation of non-resident entities engaged in the business of shipping. It provides a presumptive taxation scheme for these entities, allowing them to compute their income on a deemed basis, specifically for shipping operations. Under this section, a specified percentage of the gross receipts from shipping operations is deemed to be the income of the non-resident, simplifying tax compliance and reducing the need for detailed accounts. This provision aims to facilitate foreign shipping companies operating in India by providing tax clarity and ease.
direct tax
A tax on perfume is an excise tax. An excise tax is an in-country, or inland, tax on a specific good produced for sale. If the tax is on the perfume as it is imported, it is a customs duty or border tax.
After Tax Profit = Pretax Profit * (1 - Tax Rate) Solve for Tax Rate Tax Rate = 1 - (After Tax Profit/Pretax Profit)
Toll tax is a direct tax
Presumptive tax assumes that organisation is making profit. And this profit is then taxed by a fixed percentage.The tax is generally used to put some specific businesses under tax net e.g. diamond business, business which provide labour for hire, transport business etc..The tax is levied because most of these businesses show FAKE losses in their balance sheets.
Presumptive test to confirmation of coliforms bacteria in the samples
Yes, in most states the breathalyzer is seen as a presumptive test.
presumptive
Prince William is heir apparent, not heir presumptive, no birth can displace him in the line of succession.
Presumptive sentencing is the explanation of penalties in relation to a set of law infringements. These would be a normal sentence for any offense made.
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Presumptive test to confirmation of coliforms bacteria in the samples
Presumptive thought involves making a judgment or forming an opinion without having all the relevant information or evidence. It is based on assumptions rather than facts or conclusive evidence. Presumptive thoughts can lead to biases and errors in decision-making.
From the stand point of the criminal justice system it's not only used, but requested, ordered, and received. A presumptive sentence is used when a person is convicted of a crime that has a specific sentence. Presumptive sentencing is similar to a mandatory sentence, however a mandatory sentence is a minimum were a presumptive sentence has no maximum or minimum. It only carries a specific fine, program enrollment, or amount of incarceration time. From a grammar stand point you could use the statement "the defendant received a presumptive sentence." I hope this answers the question well enough.
Presumptive easement occurs when the access or easement has been used for so many years it has become an established easement. The owners permission is not necessary if they allowed it to go for years without complaint.
The word presumptive means to presume something without factual evidence. Some synonyms, or words with similar meanings, are possible, probably, assumptive, and circumstantial.