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Profits and Gains - Income Tax Notes Part - 04

PROFITS AND GAINS OF BUSINESS OR PROFESSION - I INCOME TAX NOTES PART - 04 PROFITS AND GAINS OF BUSINESS OR PROFESSION - I Depreciation allowance [Sec. 32] Following conditions should be satisfied by the assessee to avail depreciation: 1. Asset must be owned by the assessee. 2. Asset must be used for the purpose of business or profession. 3. Asset should be used during the relevant previous year: Normal depreciation (i.e., full year’s depreciation) is available if an asset is put to use at least for sometime during the previous year. However, where an asset is acquired during the previous year but put to use for the purpose of business or profession for less than 180 days during that year, in such a case, half of the normal depreciation is allowed. 4. Depreciation is available on tangible assets (Building, machinery, plant or furniture) as well as intangible assets (know-how, patents, copyrights, trademarks, licenses, franchises or any other business or commercial rights of s

What Can We Learn From Rich Dad & Poor Dad Book

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  Title: “Rich Dad, Poor Dad: A Life-Changing Lesson in Financial Intelligence” Introduction: In the world of personal finance, few books have had as profound an impact as “Rich Dad, Poor Dad” by Robert Kiyosaki. Published in 1997, this international bestseller has empowered countless individuals to rethink their approach to money and wealth. With its simple yet powerful teachings, the book challenges conventional wisdom and provides valuable insights into the mindset and strategies of the rich. In this blog, we will explore the summary of “Rich Dad, Poor Dad” and highlight some of the key takeaways that can transform your financial future. 1. The Tale of Two Dads: The book revolves around two influential figures in the author’s life—his own father, referred to as “poor dad,” and his best friend’s father, known as “rich dad.” While both dads were successful in their respective careers, their attitudes towards money and financial education differed greatly. Poor dad believed in the trad

JANUARY-02-2023 LATEST HEADLINES

  JANUARY-02-2023 LATEST HEADLINES NATIONAL :- • Maharashtra: BJP national President J.P. NADDA to offer prayers at Shri Mahakali Mataji Mandir. • Maharashtra: BJP national President J.P. NADDA to offer prayers at GRISHNESHWAR JYOTIRLINF MANDIR. • Karnataka : BJP to launch its ‘BOOTH VIJAY ABHIYAN' to activate booths for coming assembly elections in Dakshina Kannada. •At least 3 killed several injured At Chandrababu's Naidu Guntur Meeting. • UP: 3 people died and 3 were injured after Collision between Maruti bolero car and A tractor  •11 coaches impacted due to derailment of Bandra terminus-Jodhpur Suryanagari express train No casualties reported yet •India Pakistan exchange lists of Civilian prisoners and Fashion men in their custody. •India Pakistan exchange lists of Nuclear installations and facilities. • India and Austria to sign migration And mobility agreement. • Daily air ‘Very Poor’ as AQI reaches.  301 INTERNATIONAL :- • Brazil's Lula swears in as President f

Unit -5 Lesson -1 Security and Legal Aspects of E-commerce: E-commerce security Meaning and issues Notes

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  E-Commerce Unit -5 Lesson -1  Security and Legal Aspects of E-commerce: E-commerce security Meaning and issues Security and Legal Aspects of E-commerce: E-commerce security Meaning and issues; What is e-commerce? It is commerce taking place using the World Wide Web as an enabling transport. The web is the way to do business for many reasons, including access and consistency. However, any transaction-taking place across the public Internet is open to a wide variety of security problems. E-COMMERCE SECURITY ISSUES The use of the Internet means that your internal IT and e-commerce systems are potentially accessible by anyone, irrespective of their location. Because the Internet is unregulated, unmanaged and uncontrolled, it introduces a wide range of risks and threat to the systems operating on it. The following points outline the security issues related to e-commerce Access control : Access control ensures only those that legitimately require access to resources an: given ac-cess and

UNIT -2 LESSON -2 E- marketing, E-tailing, Online Services, E- auctions, Online Portal

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  E-COMMERCE UNIT -2     LESSON -2  E- marketing, E-tailing, Online Services, E- auctions, Online Portal E- marketing All e-commerce solution is a solution to conduct business. through an intra-. extra- or Internet solution. Business-to-business e-commerce (B2B) involves companies selling to other businesses. The interaction with system takes place in almost real time and reduces lag time between discussion and purchase. Trade Cycle:  A trade cycle is the Series of exchanges between a customer and supplier that take place when a commercial exchange is executed. Trade cycle consists of four phases  1 Pre-Sales: This Phase consists or venous tasks in finding a supplier and agreeing the terms This phase can he further classified in • Search- finding a supplier •Negotiate- agreeing the terms of trade 2 Execution: This Phase consist of various tasks in selecting goods and taking delivery This phase can be further classified in •Order.        • Delivery Settlement: This Phase consists of ve