Discussion on the concept of income for income tax purposes

Assignment Help Other Subject
Reference no: EM132255482 , Length: word count:2000

Assignment - TAXATION FOR ACCOUNTING STUDIES ESSAY-

REQUIRED: A satisfactory definition of "income" remains elusive, if indeed it could be regarded as achievable at all. As Hannan and Fansworth observed: "The word "income" is of such illusive import that it cannot be defined in precise terms which would adequately meet legislative requirements. Why its meaning is not to be found in any income tax statute is explained by the many shapes which income may assume, and the illimitable variety of circumstances in which it may be derived."

Write an essay in which you discuss your opinion of the above statement. Your essay should have discussion on the concept of income for income tax purposes and the income/capital distinction. Support your discussion with references to the Income Tax Act 2007, relevant cases, and journal articles.

Format of this essay:

  • Introduction
  • Discussion - using appropriate sub headings
  • Conclusion

Please use NZ taxation 2019 book and NZ legislations to answer this. The essay should be referenced using the New Zealand Law Style Guide (NZLSG). Do NOT use APA style referencing. Length: Approximately 2,000 words (excluding reference list).

Reference no: EM132255482

Questions Cloud

How can you build and maintain trust : How can you build and maintain trust? What is the essence of your personality? What must you do to manage your personality type?
Describe and evaluate the evidence provided : Describe how the number and percentage of people in poverty has changed since 1995.How does this compare with the poverty rate for single mothers in Deep South.
Business practices in an islamic country : Do you think the Business practices in an Islamic country are likely differ from Business practices in the United States? If So how?
Determining the market interest rate : Describe how a central bank can influence the market interest rate and therefore affect investment and consumption.
Discussion on the concept of income for income tax purposes : TAXATION FOR ACCOUNTING STUDIES ESSAY- Your essay should have discussion on the concept of income for income tax purposes and the income/capital distinction
Develop the skill to access and use national religion : Article 6, of the 1st amendment and 14th amendment disestablished religion from the state and established the free exercise of religion.
Explain project management communication strategies : Write a proposal that promotes ideas for improving the project management communication at your place of work. Detailed descriptions of project management.
How and to what extent can self-management system : How and to what extent can a self-management system help you? How do you manage stress?
What strategies can be used to ensure quality planning : What are the differences between quality and grade? What strategies can be used to ensure quality planning?

Reviews

len2255482

3/13/2019 2:38:10 AM

Please find attached tax assignment question and marking rubric. Please use NZ taxation 2019 book and NZ legislations to answer this. Format of this essay: Introduction, Discussion - using appropriate sub headings and Conclusion. Make sure that you use NZ legislations not australian legislations. Also can you please use the book the one I have mentioned - E-Book NZ taxation 2019. Please make sure there is NZ legislation is used.

len2255482

3/13/2019 2:38:04 AM

Taxation for Accounting Studies Essay Marking Criteria - Addressing the task: Clearly Identifies and addresses all the main questions in the essay brief and the subsidiary, embedded or implicit aspects. Discussion: Thorough discussion was provided and supported with appropriate examples and extensive additional relevant information from authoritative sources. Analysis and Evaluation: Provides an in-depth analysis and evaluation of the topic question and builds a compelling case. Opinion is clearly articulated with very logical arguments. Structure/Organisation: Develops ideas logically and coherently with smooth flow throughout the essay. Written communication: The language contains very few, if any, errors in grammar and vocabulary. If slips are present, the meaning is still clear. Conventions of academic writing (e.g. references and presentation) are followed meticulously.

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd