Position paper The Love Song of J.Alfred Prufrock Essays

Position paper: The Love Song of J.Alfred Prufrock and The Wasteland T. S. Eliot - a famous poet and essayist, awarded with the Nobel Prize in Literature, is the author of the two poems mentioned above. They both are great representatives of the Modernist movement. The Love Song of J.Alfred Prufrock is a poem published in 1915, which automatically indicates the period of the WW I. Ezra Pound is the man who actually encouraged the publication of the poem. The work itself is full of references to the Bible, as well as Dante Alighieri, Shakespeare and John Donne. Eliot narrates the experience of Prufrock using the stream of consciousness technique. This poem is a dramatic interior monologue of an urban man, stricken with feelings of isolation and an incapability for decisive action. The poem begins with an epigraph from Dante's Inferno spoken by Guido da Montefeltro, and that is the frame of the whole poem which is very important for the understanding of the poem itself. The speaker is a deceptive narrator who, in different parts of the poem, can be romantic, desperate and also sad, lonely man. The rhyme is irregular, there are shifts between the past and the future and this is actually a passive poem si nce nothing actually happens - there is no great action. A poem consisting numerous similes, synedoches, imagery, metaphors, sarcasm. In the first stanza of the poem we can found a reference to gas, also there is no romance, only a sort of invitation to accept the brutality of life. Some problem in communication seems obvious, there is no romanticized picture. In the first stanza, the third line (,Like a patient etherised upon a table;") is what gives complexity to the poem. The Love Song of J.Alfred Prufrock is where the whole reality is dislocated, displaced, and that is revealed by cuts of the images. Uncertainty is also one of the key things here since the speaker himself does not know what he wants, but there is also the uncertainty of every sort of moevement, expression, etc. The second stanza is the one which repeats itself throughout the poem a few times, mentioning women, room and Michelangelo, and with that stanza Eliot almost seems like mocking us. This ca n be analyzed as the way how writer wants to persuade us to give up from the poem since it is very complex, but at the same time he wants us to continue, to ask questions about everything. The yellow fog and the yellow smoke (mentioned in 3rd and 4th stanza) are associated with a gas mask, which was actually a symbol of WW I. As I have already mentioned, there are some references to Dante's Inferno especially because of the theme of going to hell because of love. In the poem there are also 'battles' between individual and society, and also the preoccupation with time - time represents the circle of life, and we both have and do not have enough time! In the poem everything seems simply jumbled up, there is no cohesion. Prufrock is a man with the inability to translate his thoughts into words and feelings for others. Laurence Perrine described the poem as consisting of , the apparently random thoughts going through a person's head within a certain time interval, in which the transitional links are psychological rather than logical , " which actually summarizes everything in a sentence. In the end, he asked questions but he had never answered them, and he became an old, sad man, whose life has passed. The Wasteland is another Eliot's great poem which is usually regarded as the cen tral work of Modernist poetry. Published in 1922, consisting of 434 lines, this work is not a dramatic monologue in its entirety, but is considered an epic. This is an epic because it fulfills the following criteria / characteristics: -a long narrative poem, -seroiusness, -high-position characters, -vast setting, -supernatural intervention, -the importance of the story for a nation . The Wasteland can also be considered as a kind of a patchwork, as the poem is fragmented. This fragmentation reflects the (speaker's) state of mind: overwhelmed with worries, inable to focus on one thing, thus creating

Microsoft essays

Microsoft essays United States vs. Microsoft Corporation Microsoft first came under serious government scrutiny in 1990, and was sued by the US Government for violations of the Sherman Antitrust Act in early 1994. After a series of accusation and rebuttals, Microsoft entered into a consent agreement with the United States in 1995 that required it to offer a version of its Windows 95 operating system without its Internet Explorer browser. Only one manufacturer, Packard Bell licensed this browser less version, and then only for some of its laptop computers. The consent decree also contained a few other restrictions, which Bill Gates, chairman of Microsoft, termed nothing. As a result of this consent decree, the Government dropped its charges against Microsoft. The consent decree also prohibited Microsoft from requiring OEMs (Original Equipment Manufacturers) to license any other product as a condition of their Windows licenses. The Government continued its investigation into Microsoft, primarily at the urging of Microsofts competitors who felt that Microsoft was ignoring the conditions of the consent decree. Netscape and Sun Microsystems continued to pressure the DOJ for action. The DOJ continued its investigations and actively pursued investigations into the alleged monopolistic activities of Microsoft Corporation. During the course of the investigation, Microsoft and the DOJ (Department of Justice) continued to negotiate a new consent decree. After 18(eighteen) unsuccessful drafts, the DOJ, in conjunction with 20 (twenty) states attorneys general, filed suit against Microsoft on May 18, 1998. The complaint charged Microsoft with four counts of violating the Sherman Act, with two violations under Section 1 and two violations under Section 2 . The charges were : Section 1 (count a) Exclusive Dealing Microsoft had forced computer companies that used its Windows operating system to sign agreements tha...

Mary Easty - Salem Witch Trials

Mary Easty - Salem Witch Trials Mary Easty Facts Known for: hanged as a witch in the 1692 Salem witch trialsAge at time of Salem witch trials: about 58Dates: baptized August 24, 1634, died September 22, 1692Also known as: Mary Towne, Mary Town, Mary Esty, Mary Estey, Mary Eastey, Goody Eastie, Goody Easty, Mary Easte, Marah Easty, Mary Estick, Mary Eastick Family background: Her father was William Towne and her mother Joanna (Jone or Joan) Blessing Towne, accused once of witchcraft herself. William and Joanna arrived in America around 1640. Among Marys siblings were Rebecca Nurse (arrested March 24 and hanged June 19) and Sarah Cloyse (arrested April 4, case dismissed January 1693). Mary married Isaac Easty, a well-to-do farmer born in England, around 1655 - 1658. They had eleven children, seven alive in 1692. They lived in Topsfield, rather than either Salem Town or Village. Salem Witch Trials Rebecca Nurse, Mary Eastys sister and a well-respected matron, was denounced as a witch by Abigail Williams and arrested on March 24. Their sister, Sarah Cloyce, defended Rebecca, and was ordered arrested on April 4. Sarah was examined on April 11. A warrant was issued for Mary Eastys arrest on April 21, and she was taken into custody. The next day, she was examined by John Hathorne and Jonathan Corwin, as were Nehemiah Abbott Jr., William and Deliverance Hobbs, Edward Bishop Jr. and his wife Sarah, Mary Black, Sarah Wildes, and Mary English. During Mary Eastys examination, Abigail Williams, Mary Walcott, Ann Putnam Jr., and John Indian said that she was hurting them, and that their mouths were stopt. Elizabeth Hubbard cried Goody Easty you are the woman.... Mary Easty maintained her innocence. Rev. Samuel Parris took the notes on the examination. E: I will say it, if it was my last time, I am clear of this sin.Of what sin?E: Of witchcraft. Despite her assertions of innocence, she was sent to jail. On May 18, Mary Easty was set free; existing records do not show why. Two days later, Mercy Lewis experienced new afflictions, and she and several other girls claimed to see Mary Eastys specter; she was charged again and arrested in the middle of the night. Immediately, Mercy Lewiss fits ceased. More evidence was gathered by deposition and during several days of examination of Mary Easty in late May. A jury of inquest considered Mary Eastys case on August 3-4 and heard testimony of many witnesses. In September, officials gathered witnesses for the trial of Mary Easty among others. On September 9, Mary Easty was pronounced guilty of witchcraft by a trial jury and sentenced to death. Also found guilty that day were Mary Bradbury, Martha Corey, Dorcas Hoar, Alice Parker, and Ann Pudeator. She and her sister, Sarah Cloyce, petitioned the court together for a fayre and equall hearing of evidence for them as well as against them. They argued that they had no opportunity to defend themselves and were not allowed any counsel and that spectral evidence was not dependable. Mary Easty also added a second petition with a plea was focused more on others than herself: I petition your honors not for my own life, for I know I must die, and my appointed time is set .... if it be possible, that no more blood be shed. On September 22, Mary Easty, Martha Corey (whose husband Giles Corey had been pressed to death on September 19), Alice Parker, Mary Parker, Ann Pudeator, Wilmott Redd, Margaret Scott, and Samuel Wardwell were hanged for witchcraft. Rev. Nicholas Noyes officiated at this last execution in the Salem witch trials, saying after the execution, What a sad thing it is to see eight firebrands of hell hanging there. In a quite different spirit, Robert Calef described Mary Eastys end in his later book, More Wonders of the Invisible World: Mary Easty, Sister also to Rebecka Nurse, when she took her last farewell of her Husband, Children and Friends, was, as is reported by them present, as Serious, Religious, Distinct, and Affectionate as could well be expressed, drawing Tears from the Eyes of almost all present. After the Trials In November, Mary Herrick testified that Mary Eastys ghost visited her and said that she was innocent. In 1711, Mary Eastys family received 20 pounds compensation and Mary Eastys attainder was reversed. Isaac Easty died on June 11, 1712.

Jefferson's view about the Missouri Compromise Assignment

Jefferson's view about the Missouri Compromise - Assignment Example It is interesting to consider the view of Jefferson with the benefit of hindsight. The admission of Missouri as a slave state would have meant that the number of slave states within the Union would outnumber the free states by one, hence the compromise of allowing Maine to enter the Union as a free state. By the start of the Civil War, 25 states supported the federal government and 11 states were part of the Confederacy, and by the end of the Civil War the Union had prevaled. In a sense, Jefferson was right to have misgivings because the Union as it was in 1820 was destroyed, and the Missouri Compromise was one of the triggers for the start of the Civil War (McPherson & Hogue, 2009, p19). The Missouri Compromise is said to have exposed slavery as a contentious issue, and of course the Civil War was a response to slavery. However, Jefferson was not completely wrong. He also described the Missouri Compromise as the knell of the Union, where knell is taken to mean a solomn announcement of death. The Union as it was then died, perhaps, but the Civil War did end in a Union victory and thus the Missouri Compromise can be said to have strengthened the Union infinitely. The Missouri Compromise was not the only source of growing tensions in the US. In the 1840s, the American-Mexican war took place in response to the Mexican designs for the state of Texas (one of the states supporting slavery in the Confederacy). It was the American victory (and subsequent permanent acquisition of the state of Texas, amongst others) that led to the next Compromise with regard to slavery, that of 1850 (McPherson & Hogue, 2009, p88). The Compromise of 1850 was a bill defining the status of the newly aquired states within the United States, something that diffused the immediate political problems but did not, evidently, remove the need for the Civil War. We can say that

Topic Responses Essay Example | Topics and Well Written Essays - 500 words

Topic Responses - Essay Example Stem cell research entails investigations on basic cells that have the ability to create other cells. Stem cell research has always been a controversial issue, but from my perspective, I believe it will have a lot of advantages (Cohen, 2012). Stem cell research will provide a breakthrough in medicine through coming up with means of treating some of the incurable diseases present todays (Cohen, 2012). With proper advancement of this field and proper channeling of the knowledge in stem cell, management of some incurable diseases might become possible in the future when they can manage to make the stem cells regenerate newer cells (Cohen, 2012). Bacteria are unicellular living microorganisms whereas viruses are nonliving. Viruses often live in a host in order to multiply whereas bacteria can even grow on any non-living surface (Cohen, 2012). Furthermore, viruses often invade a given host’s cells and then turn the given cell’s genetic material to make their own products (Cohen, 2012). Bacteria on the other hand carry their machineries needed for growth and multiplication with them. Viruses only carry information inform of DNA or RNA packaged in a proteins coat (Cohen, 2012). The commonest method used in identification of most bacterial species is the gram staining method (Cohen, 2012). This method is often used in identifying gram positive and gram negative bacteria on their basis of their cell wall properties. The first stain applied is the crystal violet, which then the bacteria is treated with a given mordant (Cohen, 2012). Later, the bacteria is washed by a decolorizing agent like alcohol then stained with safranin (red dye). Gram positives will be stained violet while gram negatives pink (Cohen, 2012). Acid fast staining is often used for bacteria that are not gram staining. It is mostly used for acid fast bacteria like

European Year of Education through Sport 2004 Essay Example for Free

European Year of Education through Sport 2004 Essay Research, analyse and critically examine the (European Unions) European Year of Education through Sport 2004, illustrating your answer with examples from European countries. Sport has been a major arena for the display of popular European values ever since the very first recorded Ancient Olympics were held at Olympia in 776 B.C. The Olympics of Ancient Greece and subsequently the modern Olympics gave rise to the ideology of Olympism, a way of life that embodies through sport these qualities and values. In the years that have passed, the changing face of sport has modelled and re-modelled itself in line with contemporary trends and technological advancements, but the core beliefs have remained the same. Whilst even then in its infancy, sport had to deal with bribery and corruption, with politics and commercialism; the same evils that have plagued the sporting world at the highest level ever since; sport has survived, and the ethos of sport and Olympism continue to be heralded as the archetype of health, vitality and virtue. In September 2003 a Eurobarometer survey was carried out, in order to establish the general public feelings towards education through sport. The results it returned were unswerving in their support. Almost two-thirds of the survey sample cited team spirit as the most important sporting value, whilst 70% were in favour of a harder crackdown on doping in sport. Amongst other revelations of a similar trend it is notable that the 2 highest responses when asked if the EU should do more to promote education through sport were those of Greece (90% said yes) and Portugal (85%). These of course will be the 2 main focal points for sporting excellence in 2004; hosting the Olympic Games and the European Football Championships respectively. It is clear that the officials of the European Union share the belief that the prominent values and health benefits that can be garnered from education through sport are desirable. Following the conclusion of the Eurobarometer survey and further research, a budget totalling à ¯Ã‚ ¿Ã‚ ½11.5 million was made available specifically for the initiative they dubbed The European Year of Education through Sport (EYES). The allocation of the budget is divided, in simple terms, as described on the InfoBase Europe website, (www.ibeurope.com): A budget of à ¯Ã‚ ¿Ã‚ ½11.5 million will be available to support meetings, campaigns and events designed to further the aims of the Year throughout the European Union. Whilst à ¯Ã‚ ¿Ã‚ ½11.5 million may appear at first glance to be a substantial amount, further examination reveals otherwise. To be simplistic in analysis, let us say that the funds were equally divided amongst the European Unions 15 member states; this would leave à ¯Ã‚ ¿Ã‚ ½766,667 (or à ¯Ã‚ ¿Ã‚ ½522,575 [source: www.xe.com]) per nation to distribute internally to cover the entire year. This would work out at around à ¯Ã‚ ¿Ã‚ ½14,744 or à ¯Ã‚ ¿Ã‚ ½10,050 per week for the whole country, far less than the wage of some professional athletes. The UK branch of EYES has 3 key objectives: 1. Promote EYES in the UK and on a pan-European basis. 2. Give as many people as possible access to the work being undertaken during the EYES 2004 programme. 3. Engage more young people in physical activity and sport, enhancing other developments in the field in the UK. These objectives run parallel with those of the EU as a whole (see annexe 1). In terms of promotion, the initiative is being spearheaded by an All-Star team of popular former and current stars of European sport; the most familiar of these perhaps being Jurgen Klinsmann, Clarence Seedorf, Amelie Mauresmo and Sir Steven Redgrave. Alongside these 5 are another 37 individuals (as well as the Latvian National Football Team), ranging from internationally famed to somewhat obscure, all of whom are committed to actively supporting the campaign. (http://www.eyes-2004.info/254.0.html) There seems to be a solid base from which to build a real Europe-wide success. In addition to the All-Star Team, EYES can boast partners from all over Europe, from a variety of different sports as well as many Governmental ministries and Educational Associations, 4 TV Channels and, perhaps most significantly, Sponsorship from VISA and the German travel company Vietentours. There will certainly be a significant amount of publicity surrounding EYES as the year goes on. The logo, accompanied by its slogan (move your body, stretch your mind) will be on display at nearly 200 events during 2004, including the Olympic Games, the Paralympic Games and Euro 2004. It appears that from a promotional point of view, as well as the infrastructure, the EU has got it right. There will be plenty of opportunities for people to find out about and participate in EYES. But then what? Even if we were to blanket the entire continent with an awareness of EYES; even if every school in every nation participated; what next? 2005 will not be the European Year of Education through Sport, II. Surely the priority must be to lay down the foundations for future and continuing education through sport throughout the continent? Any continuing legacy or suchlike goes unmentioned in the aims and objectives sections of EYES on both the official website and InfoBase. The focus seems to be on getting as many people interested in sport as possible, then assuming their enthusiasm will remain at a constant level without further promotion. It implies a level of naivety in terms of the EUs awareness of the seemingly obvious expendable novelty value that can be associated with most short-term governmental and pan-European events of this ilk. There is no function in place to prevent the project from slipping into history without having made any real long-term difference to the education of the public through continuing participation in sport. The official UK website (www.eyes2004.org) contains information for schools on how to get involved, news updates on EYES projects and media releases, and online challenges for schools to take part in by inputting results from different activities into a database to create live, on-line competition between schools (http://www.eyes2004challenges.org/splash.htm) This attempts to address the access aim of the website; whether or not it does this remains to be seen. In my personal experience, the efforts of the British arm of the project so far appear to have been poor, especially on the promotional side. Public awareness seems to be non-existent; I have mentioned EYES to many people, young and old, at every level of the education system; from my neighbours primary school children to my 16 year old brother, to my Mother, (a project manager at the local 6th form college). Neither any of them, nor any of the others I spoke to were previously aware of the EYES. Whilst I am aware that this casual sampling cannot be considered in any way to be indicative of the entire British population, they dont exactly imply a resounding success of the project in my local area. However, it is important to note that in this, as in all cases, only 4 months of the year have passed and there is still time for awareness to be created. There are 5 projects currently running here in the UK: The use of sport and education for the social inclusion of asylum seekers and refugees. (Loughborough University) Basic Skills and Education through Sport (Hull City Council) Clean Start programme (UK Sport) Learning Through Football: Euro 2004 (Football Association) Leeds Education Activity Partnership (Leeds City Council) http://www.eyes2004.org/projectnews.htm The first project on the list highlights the poor promotional aspect perfectly. Whilst it is being run here at Loughborough University; the level of awareness of the project itself and of EYES as a whole has been minimal. Continental Europe, however, may prove to be a different story. Whilst the British Physical Education system is comparatively relaxed in its decentralisation, possibly leading to the aforementioned ineffectiveness in the dissemination of the EYES message, the French political infrastructure, for example, may prove a far more effective and efficient vehicle for the promotion of EYES due to its highly centralised nature. Another aspect is to promote the value of voluntary work for the young and the benefits it can provide for informal education. An example of this is in Portugal where by The Portuguese Youth Institute supported by the European Voluntary Service are giving children under the age of 16 the opportunity to help out in European Football Championships 2004 as ball boys and holding flags and banners before games. The aim of the scheme is to bring young people from different communities and racial backgrounds together through voluntary participation in sport. It may also be argued that, whilst 2004 may have initially appeared to be the ideal year for EYES, with 2 internationally prestigious sporting events being hosted in Europe; the reality may be somewhat different in that EYES could well be overshadowed to the point of insignificance by both Euro 2004 and the Athens Olympics. To make a conclusive statement about the success of EYES at this early stage in the year would I feel be somewhat naà ¯Ã‚ ¿Ã‚ ½ve. It can be said however, that the right building blocks have been put into place in order to make it a success. The infrastructure and the organisational aspect is far-reaching enough to be of use to the whole continent; whilst remaining centralised enough in key areas to focus on the same goals. The promotional side is again set up right, with representatives from many sports and many countries being involved from the high-profile to the less glamorous. Whilst the signs of implementation of EYES in schools are encouraging; LEAPS (Learning and education through activity and participation in sports) in Dublin; Basic skills and Education through Sport (Hull); Together in Sport for growing up (Italy); the true results of EYES success in schools may take some time due to the enormous amount of feedback required to get a realistic overview of all events and projects. The apparent lack of continuation in terms of the aims and objectives of the initiative can be put down to one of two things. One is that the EU are banking on the continuing success of a one-off push into sport, ignoring the possibility of a speedy return to the low participation rates of recent years. The more likely explanation is that, whilst the EU realise that the effects of EYES may wear off as the future years go by, it will be more effective, given the comparatively small budget available, to concentrate on getting the message out there to as many people as possible this year than to try to implement long-running programmes with less public awareness. Ultimately the deciding factor on the success or failure of EYES, as with most things, will be the budget. Even if, as suggested, the money is directed in the correct manner with minimal amounts of wastage, it is still a relatively insignificant sum on an international scale. I would predict that for there to be any lasting impression left by EYES on the future education through sport in this continent, the amount of funding behind the initiative would have to be substantially larger. Bibliography http://www.museum.upenn.edu/new/Olympics/olympicorigins.shtml (Accessed 15/03/04) http://www.ecdel.org.au/whatsnew/2003/sports.htm (Accessed 15/03/04) http://www.ibeurope.com/Database/Factsheets/F050eyes.htm (Accessed 15/03/04) http://www.europa.eu.int/comm/sport/key_files/annee_eur/a_2004_en.html (Accessed 15/03/04) http://www.xe.com/ucc/ (Accessed 15/03/04) http://www.eyes2004.org/splash.htm (Accessed 17/03/04) http://www.eyes2004.org/projectnews.htm (Accessed 18/03/04) http://www.eyes-2004.info/254.0.html (Accessed 18/03/04) http://www.eyes-2004.info/4138.0.html (Accessed 18/03/04) Annexe 1 The Aims of EYES (http://www.ibeurope.com/Database/Factsheets/F050eyes.htm) The aims of the European Year are: (a) to make educational institutions and sports organisations aware of the need for cooperation in order to develop education through sport and its European dimension, given the very great interest that young people take in all kinds of sport; (b) to take advantage of the values conveyed through sport to develop knowledge and skills whereby young people in particular can develop their physical prowess and readiness for personal effort and also social abilities such as teamwork, solidarity, tolerance and fair play in a multicultural framework; (c) to promote awareness of the positive contribution that voluntary activities make to non-formal education, especially of young people; (d) to promote the educational value of pupil mobility and exchanges particularly in a multicultural environment through the organisation of sporting and cultural contacts as part of school activity; (e) to encourage the exchange of good practice concerning the role sport can play in education systems to promote the social inclusion of disadvantaged groups; (f) to create a better balance between intellectual and physical activity in school life by encouraging sport in school activities; (g) to consider the problems relating to the education of young sportsmen and sportswomen taking part in competitive sports.

Caribbean History :: Socio-Cultural Areas Culture Islands Essays

Caribbean History I. A Note on Historical Methodology: The conventional method of studying history consists of a chronological process. For example, the history of the ‘New World,’ or in particular the history of the Caribbean seems to originate in 1492, the year Columbus mistakenly landed upon Hispanola. Not long after the discovery of the New World, the age of European colonialism in the Americas emerges. This condensed version of the first several decades of European influence in the New World are the common historical accounts rendered about early Caribbean history. How effective and accurate is this seemingly Eurocentric rendition of Caribbean History? There may not be one specific right or wrong answer to this inquiry. However, there are alternative methods of unveiling or unmasking a history lesson by simply starting in media res (in the middle of things) or even in the present times. This methodology of studying history is indeed a retracting and unmasking process in which society and culture convey the history of a particular country or region as the Caribbean. In order to fully grasp the intricacies and complexities of Caribbean one must scrutinize and in a sense deconstruct the social and cultural fibers of the Caribbean. The remnants of colonialism in the Caribbean have created a history manifested in the imagery of society and culture. History in the Caribbean can be unveiled in skin tones and rumbas. The history of the Caribbean lives in architecture as well as behind church doors. Thus, in order to learn about the Caribbean, one must ‘unlearn’ or deviate from the Eurocentric rendition of history in the Caribbean. In the Caribbean, the present (culture and society) tells many truths about the past. II. Methodology in Practice: Michelle Cliff’s novel Abeng and her essay "If I Could Write this in Fire" personify the historical process in the Caribbean. Cliff’s works portray the images of the political, social, cultural, and economic issues discussed by Sidney Mintz and Antonio Benitez-Rojo. Cliff’s literary works depict the contemporary social and cultural constructs of Jamaican society. In this process of interpretation and devolution of Michelle Cliff’s portraits of Jamaican society the remnants of colonialism truly become apparent. Consequently, Cliff’s desire to make sense of the current deplorable conditions of racial inequality has prompted her to ‘look back’ and as she states in her essay: To try and locate the vanishing point: where lines of perspective converge and disappear. Lines of color and class. Caribbean History :: Socio-Cultural Areas Culture Islands Essays Caribbean History I. A Note on Historical Methodology: The conventional method of studying history consists of a chronological process. For example, the history of the ‘New World,’ or in particular the history of the Caribbean seems to originate in 1492, the year Columbus mistakenly landed upon Hispanola. Not long after the discovery of the New World, the age of European colonialism in the Americas emerges. This condensed version of the first several decades of European influence in the New World are the common historical accounts rendered about early Caribbean history. How effective and accurate is this seemingly Eurocentric rendition of Caribbean History? There may not be one specific right or wrong answer to this inquiry. However, there are alternative methods of unveiling or unmasking a history lesson by simply starting in media res (in the middle of things) or even in the present times. This methodology of studying history is indeed a retracting and unmasking process in which society and culture convey the history of a particular country or region as the Caribbean. In order to fully grasp the intricacies and complexities of Caribbean one must scrutinize and in a sense deconstruct the social and cultural fibers of the Caribbean. The remnants of colonialism in the Caribbean have created a history manifested in the imagery of society and culture. History in the Caribbean can be unveiled in skin tones and rumbas. The history of the Caribbean lives in architecture as well as behind church doors. Thus, in order to learn about the Caribbean, one must ‘unlearn’ or deviate from the Eurocentric rendition of history in the Caribbean. In the Caribbean, the present (culture and society) tells many truths about the past. II. Methodology in Practice: Michelle Cliff’s novel Abeng and her essay "If I Could Write this in Fire" personify the historical process in the Caribbean. Cliff’s works portray the images of the political, social, cultural, and economic issues discussed by Sidney Mintz and Antonio Benitez-Rojo. Cliff’s literary works depict the contemporary social and cultural constructs of Jamaican society. In this process of interpretation and devolution of Michelle Cliff’s portraits of Jamaican society the remnants of colonialism truly become apparent. Consequently, Cliff’s desire to make sense of the current deplorable conditions of racial inequality has prompted her to ‘look back’ and as she states in her essay: To try and locate the vanishing point: where lines of perspective converge and disappear. Lines of color and class.

Easy Way to Learn Tax

C. S. Executive Tax Law Dec. 09 Solved Ans. 1 Qn. 1. (A) Choose the most appropriate answer from the given options in respect of the following having regard to the provisions of the relevant direct, tax laws (i) Income-tax in India is charged at the rate(s) prescribed by — (a) The Finance Act (b) The Income-tax Act (c) The Central Board of Direct Taxes (d) The Ministry of Finance Solution: (a)The Finance Act (ii) Under the Income-tax Act, 1961, depreciation on machinery is charged on — (a) Purchase price of the machinery (b) Market price of the machinery (c) Written down value of the machinery d) All of the above. Solution: (c) Written down Value of the machinery (iii) Income accruing in India in previous year is taxable for — (a) Resident (b) Not ordinarily resident (c) Non-resident (d) All of the above. Solution (d) All of the above (iv) Sandeep purchased a house for his residential purpose after taking a loan in January, 2007. During the previous year 2008-09, he paid interest on loan Rs, 1,67,000. While computing income from house property, the deduction is allowable to the extent of — (a) Rs. 30,000 (b) Rs, 1,00,000 (c) Rs. 1,67,000 (d) Rs. 1,50,000. Solution: (d) Rs. ,50,000 (v) Which of the following is an ‘asset' under section 2(ea) of the Wealth-tax Act, 1957 — (a) Equity shares in a company (b) Balance in provident fund (c) Motor car held as stock-in-trade – (d) Jewellery for personal use. Solution: (d) Jewellary for personal use (B) Re-write the following sentences after Filling-in the blank spaces with appropriate word(s)/figure(s) : (i) Deduction for bad debt is allowed to an assessee carrying on business in the year in which the debt is ________ as bad. (ii) Deduction available under section 80GG towards rent paid shall not exceed Rs. ______ per month. (iii) It is obligatory for an assessee to pay advance tax where the amount of tax payable is Rs. ________ or more. (iv) A belated return of income can be filed at any time before the expiry of ________ from the end of relevant assessment year. (v) Wealth-tax is levied on the net wealth of a person as on 31†³ March, this date is known as _______ date. Solution: (i) declared (ii) 2000 (iii) 5000 (iv) 1 year (v) Valuation date. (C) Rajan is an employee of a private limited company and gets the following emoluments during the previous year ended on 31sl March, 2009: Salary: Rs. 6,000; Salary in lieu of leave: Rs. 6,000; Entertainment allowance: Rs. 10,000; and Commission: Rs. 8,000. Rajan's son studies in a school which is owned and maintained by the company. The cost of education in a similar school in the locality is Rs. 22,000 per year, but the company charges Rs. 4,000 from Rajan. Salary of a domestic C. S. Executive Tax Law Dec. 09 Solved Ans. 2 servant provided to Rajan by the company is Rs. 6,000 and the same is paid by the company. The company purchases a computer on 1st April, 2008 for Rs. 50,000 which is given to Rajan for office and private use.The company purchases a refrigerator for Rs. 20,000 on 30th June, 2008 for personal use of Rajan. Rajan and the company both contribute Rs. 1. 2,000 towards recognised provident fund. Rajan deposits Rs. 40,000 towards public provident fund. Rajan earns Rs. 1,00,000 by way of rent from a vacant plot, of land. Compute the taxable income and tax liability of Rajan for the assessment year 2009-10. Solution (I) Income from salary Salary Salary in lieu of leave Entertainment allowance Commission Perquisites Domestic servant Computer RefrigeratorBenefit to cost of education (22,000- 4,000) Contribution to PF (in excess of 12%) Gross Salary (-) deduction U/S 16 Professional Tax Entertainment allowance Total Amount (II) Income from house Property Gross total Income (I + II) (-) Deduction U/S 80 C – 80 U U/S 80 C ( Contribution to PPF ) Total Income 96,000 6,000 10,000 8,000 6,000 NIL NIL 6,000 18,000 480 1,44,480 NIL NIL NIL 1,44,480 1,00,000 40000 2,04,480 Computation of tax liability Upto Rs. 1,50,000 Next 54,480 10% + 3% education cess Total tax liability NIL 5,448 Total Tax liability 5,448 163 5611 = Rs. 5610 QN. 2. A) From the following profit and loss account of Vinay for the year ended 31st March, 2009, compute his total income and tax liability for the assessment year : 1009-10 : Rs. Interest on capital Insurance Bad debts Depreciation Advance tax General expenses Advertisement Salary (including salary to Vinay Rs. 20,000) Interest on loan Net profit 12,000 2,000 30,000 34,000 25,000 12,000 5,000 Gross profit Brokerage Bad debts recovered (earlier allowed as deduction) Sundry receipts Interest on debentures (gross) [TDS Rs,4,120] 85,000 8,000 4,00,000 6,13,000 Additional information : i)The amount of depreciation allowable as per income-tax rules is Rs. 42,000. Rs. 5,10,000 30,000 15,000 18,000 40,000 6,13,000 C. S. Executive Tax Law Dec. 09 Solved Ans. (ii) General expenses include Rs. 5,000 given as contribution to a politic al party. (iii) Vinay pays Rs. 5,200 as premium on his own life insurance policy of Rs. 50, 000. (iv) Loan was obtained for payment of income-tax, 3 Solution (I) Income from business Net profit for the year Add: Expenses not allowed under Income tax act but debited to P & L A/C Intt. On capital Depreciation as per books of a/c Advance taxGeneral Expenses Salary to Vinay Intt on loan Less: Income not allowed but Credited to P& L a/c Intt. On debentures Depreciation as per Income tax Act Total Income (II) Income from Salary (III) Income from other sources Interest on debenture Gross total income [I + II + III ] Less: Deduction U/S 80C – 80U (i) Premium on life insurance policy (80C) (ii) Contribution to political party Sec (80 GGC ) Total Income Tax liability Upto Rs. 150,000 Next 1,50,000 Next 1,71,800 Rate NIL 10% 20% Rs. 12,000 34,000 25,000 5,000 20,000 8,000 40,000 42,000 Rs. 4,00,000 1,04,000 82,000 4,22,000 20,000 40,000 ,82,000 5,200 5,000 4,71,800 Computation of tax li ability Less: Advance tax Paid Less: TDS Add: 3 % education cess Total tax liability = 20850 NIL 15,000 34,360 49,360 25,000 4,120 20,240 607 20847 (B) Write short notes on any two of the following : (i) Taxation of zero coupon bonds (ii) Share of profit from partnership firm (iii) Exemption of income of newly established units in special economic zone. Solution (i) Transfer of zero coupon bond will be subject to capital gain tax: The profits arising on the transfer of such zero coupon bond shall be chargeable under the head â€Å"capital gains†.Further, section 2(42A) has been amended to provide that if such zero coupon bonds are held for not more than 12 months, such capital asset shall be treated as short-term capital asset and hence shall be subject to short-term capital gain. On the other hand, where these bonds are held for more than 12 months, such capital gain shall be treated as long-term capital gain. Taxability of long-term capital gain from zero coupon bond [Provi so to section 112 (1)] The long-term capital gain on zero coupon bonds shall be chargeable to tax at minimum of the following two: (a) 20% of long-term capital gain after indexation of cost of such bonds, or i) 10% of long-term capital gain before indexation of cost of such bonds, C. S. Executive Tax Law Dec. 09 Solved Ans. 4 Solution (ii) Share of profit – Section 10(2A) provides that in the case of a partner (including a minor admitted for the benefit of the firm) of a firm, his share in the total income of the firm shall be exempt from tax. Remuneration or interest- If condition of section 184 and section 40(6) are satisfied then interest, salary, bonus, commission or remuneration paid/ payable by the firm to partners is taxable in the hands of partners (to the extent these are allowed as deduction in the hands of the firm).The following points one should note — 1. Remuneration is not taxable under the head â€Å"Salaries†- Remuneration is not taxable in the hands of partners under section 15 under the head â€Å"Salaries† (Explanation 2 to section 15). It is taxable as business income. 2. Expenses are deductible under sections 30 to 37- Any expenditure incurred in order to earn salary/interest income can be claimed as a deduction under sections 30 to 37 from such income. For instance, if a artner borrows money to make his capital contribution to the firm and he has received interest on his capital contribution, the amount of such interest will be taxed under the head â€Å"Profits and gains of business or profession†, but the interest paid by him on the borrowed money will have to be allowed as a deduction. 3. Consequences when remuneration/interest is disallowed in firm's hands-if salary/ interest is disallowed in the hands of firm under section 40(b) and/ or section 184, then the same is not taxable in the hands of the partners.Likewise, if a part of salary/interest is not allowed as deduction in the hands of the firm, that part of salary/interest is not taxable in the hands of the partners. The cumulative impact of the aforesaid provision is that in the hands of partners the entire remuneration/ interest (excluding the amount disallowed in the assessment of partners ) is chargeable to tax. Solution (iii) The deduction under this section shall be allowed as under for a total period of 15 relevant assessment years. 1.For the first 5 consecutive assessment years 100% of the profits and gains derived from the export beginning with the assessment year relevant to of such articles or things or from services the previous year in which the unit begins to manufacture such articles or things or provide services 2. Next 5 consecutive assessment years 50% of such profits or gains 3. Next 5 consecutive assessment years So much of the amount not exceeding 50% of the profits as is debited to profit and loss account of the previous year in respect of which the deduction is to be allowed and credited to Special E conomic ZoneReinvestment Reserve Account to be created and utilised for the purpose of the business of the assessee in the manner laid down in sub-section (2) below. (c) State, with reasons in brief, whether the following statements are correct or incorrect: (i) Unabsorbed depreciation of any year can be carried forward for set-off for an unlimited period of time. (ii) An individual is not liable to pay fringe benefit tax. ? (iii) The entire amount of winning from lotteries is taxable at a special rate of income-tax. (iv) Income of minor child is included in the income of his parents under the Income-tax Act, 1961 in all cases. v) When the prize is given partly in cash and partly in kind, income-tax will be deducted from cash only. Solution (i) True : Unabsorbed depreciation of any year can be carried forward for set off for an unlimited period of time. (ii) True: Individual is not liable to fringe benefit tax. (iii) True: The entire amount of winning from lotteries is taxable at th e rate of 30%. (iv) False: Income of minor child is not included in the income of his parents in all cases. Any income of minor child U/S 80U, manual work done and in case of activity involved special skills are not clubbed in the hands of parents. v) False: When the prize is given partly in cash and partly in kind, Income tax is deducted from both cash and kind. Qn. 3. (A) Distinguish between any three of the following: (i) Gross total income' and ‘total income'. (ii) Recognised provident fund' and ‘statutory provident fund'. (iii) ‘Compulsory best judgment assessment' and ‘discretionary best judgment assessment', (iv) ‘Exemptions' and ‘deductions'. C. S. Executive Tax Law Dec. 09 Solved Ans. 5 Solution (i) Gross Total Income: As per section 14, all income shall, for purposes of Income-tax and computation of total income, be classified under the following heads of income: i) Salaries, (ii) Income from House Property, (iii) Profits and Gains of Bu siness or Profession, (iv) Capital Gains, (v) Income from Other Sources. Aggregate of incomes computed under the above 5 heads, after applying clubbing provisions and making adjustments of set off and carry forward of losses, is known as Gross Total Income (GTI). [Section 80B(5)] Total Income: The total income of an assessee is computed by deducting from the gross total income, all deductions permissible under Chapter VIA of the Income-tax Act i. e. , deductions under sections 80C to 8OU. Solution (ii)Particulars SPf RPF 1. Employee's/ assessees' Deduction u/s 80C is available from Deduction u/s 80C is available from contribution gross total income subject to the gross total income subject to the limit limit specified therein specified therein 2. Employer's contribution Fully exempt from tax Exempt upto12% of salary. Amount in excess of 12% is included in gross salary. 3. Interest on Provident Fully exempt from tax Fund Exempt u/s 10 upto 9. 5% p. a. Interest credited in excess of 9 . 5% p. a. is included in gross salary 4. Repayment of lump sum Fully exempt u/s 10(11) mount on retirement/ resignation/ termination Exempt subject to certain conditions. See Note 2. Solution (iii) Best Judgment Assessment: In a best judgment assessment the assessing officer should really base the assessment on his best judgement i. e. he must not act dishonestly or vindictively or capriciously. There are two types of judgement assessment: 1. Compulsory best judgement assessment made by the assessing officer in cases of non-co-operation on the part of the Assessee or when the Assessee is in default as regards supplying informations. . Discretionary best judgement assessment is done even in cases where the assessing officer is not satisfied about the correctness or the completeness of the accounts of the Assessee or where no method of accounting has been regularly and consistently employed by the Assessee. Solution(iv) Exemption – All receipts which give rise to income, are t axable under the Income tax -Act unless it is specifically provided that it does not form part of total income such incomes which do not form party exempt from tax. As per sec. 0 to 13A, certain incomes are either totally exempt from tax or exempt upto a certain limit therefore, there incomes to the extent there are exempt, are not included in the total income of an assessee for computation of his total income. Deduction:- The aggregate of income computed under each head, after giving effect to the provisions for clubbing of income and set off of loss is â€Å"Gross total Income† . In computing the total income of an assessee certain deductions are permissible under sec. 80C to 80U from â€Å"Gross total Income†.But Deductions cannot exceed Gross total Income and to get deduction, It is Assessee’s duty to place relevant material before the said authority along with Return. QN. 3(B) What is the time-limit for deposit of ‘tax deducted at source' (TDS) to the credit of Central Government? Solution C. S. Executive Tax Law Dec. 09 Solved Ans. TIME LIMIT FOR DEPOSITE OF TDS TO THE CREDIT OF CG 6 Section under which deduction is made Person (1) Sum deducted under sections 193, 194A, 194C, 194D, 194E, 194G, 194H. 194-1, 194J. 195. 196A to 196D (A) Tax deducted by or on behalf of the Government (B) Tax deducted by or behalf of any ther person: Same day of deduction: (i) if the amount is credited to the account of the payee as on the date upto which the account of such persons are made (ii) in any other case within 2 months, of the expiration of the month in which that date falls. (2) Sum deducted under sections 192. 194, 194B, 194BB, 194EE, 194F and 194K Time limit of de Central Government (A) Tax deducted by or on behalf of Government (B) Tax deducted by or on behalf of other person within one week for the last day of the month in which the deduction is made Same day of deduction Within one week from the last day of the month in which educti on made, Qn. 4. (A) What are the special provisions for computing profits and gains of retail business ? Solution: Section 44AF – Special provisions for computing profits and gains of retail business : (1) Notwithstanding anything to the contrary contained in Sections 28 to 43C, in the case of an assessee engaged in retail trade in any goods or merchandise, a sum equal to 5% of the total turnover in the previous year on account of such business or, as the case may be, a sum higher than the aforesaid sum as declared by the assessee in his return of income shall be deemed to be the profits and gains of such usiness chargeable to tax under the head â€Å"Profits and gains of business or profession†: Provided that nothing contained in this sub-section shall apply in exceeds an amount of 40 lakhs rupees in the previous year. respect of an assessee whose total turnover (2) Any deduction allowable under the provisions of sections 30 to 38 shall be deemed to have been already given full effect to and no further deduction under those sections shall be allowed.Provided that where the assessee is a firm, the salary and interest paid to its partners shall be deducted from the income computed under sub-section(1) subject to the conditions and limits specified in Section 40(b). (3) The written down value of any asset used for the purposes of the business referred to in sub-section(1) shall be deemed to have been calculated as if the assessee had claimed and had been acutually allowed the deduction in respect of the depreciation for each of the relevant assessment years. 4) The provisions of sections 44AA and 44AB shall not apply in so far as they relate to the business referred to in sub-section (1) and in computing the monetary limits under those sections, the total turnover or the income from the said business shall be excluded. (5) Notwithstanding anything contained in the foregoing provisions of this section, an assessee may claim lower profits and gains t han the profits and gains specified in sub-section (1), if the keeps and maintains such books of accounts and other documents as required u/s 44AA and gets his accounts audited and furnishes a report of such audit as required u/s 44AB. B) What are the provisions relating to clubbing of income arising to spouse from the assets transferred ? Solution: Income from assets transferred to the spouse [Section 64(l)(iv)]: In computing the total income of an individual, all such income as arises directly or indirectly, subject to the provisions of section 27(i) (i. e. deemed owner), to the spouse of such individual from assets (other than house property) transferred directly or indirectly to the spouse of such individual otherwise than for adequate consideration or in connection with an agreement to live apart shall be included. C. S. Executive Tax Law Dec. 9 Solved Ans. 7 As per this provision, if an individual transfers any asset other than house property to his/her spouse, the income from such an asset shall be included in the total income of the transferor. This provision is not applicable to house property because in that case transferor is deemed to be the owner of the house property and the annual value of the property is taxed in the hands of the transferor as per section. 27. The income from the transferred assets shall not be clubbed in the following cases: (i) If the transfer is for adequate consideration; (II) the transfer is under an agreement to live apart; iii) if the relationship of husband and wife does not exist, either at the time of transfer of such asset or at the time of accrual of the income. (C) Alka is carrying on textile business. Compute her net wealth from the following — details of her assets and also determine her wealth-tax liability for the assessment year 2009-10 : (i) Land in rural area (it lies within 8 kms. from a municipality having a population of more than 10,000; land was purchased in 1990; construction is permissible. (ii ) Land in urban area (held as stock-in-trade since 2001 ) (iii) Motor cars (iv) Aircraft for use of employees and auditors (v) Bank balance vi) Guest house situated in rural area (vii) Residential flats of identical size provided to employees near the factory (salary of employees does not exceed Us. 5. 00,000 in a year) (viii) Residential house given to general manager (whose annual salary is Rs. 15,00,000) (ix) Cash in hand as per cash book (x)Two residential houses; let-out on rent (value of each being Rs. 22 lakh; one is letout for 250 days during the financial year 2008-09). Market Value 48,00,000 35,50,000 8. 60,000 1,25,00,000 12. 00,000 10,50,000 30. 00,000 25,00,000 2,00,000 Alka has taken a loan of Rs. 24,00,000 for acquiring the aircraft; Rs. 5,50. 000 for and; and Rs. ,00,000 for residential house given to general manager Solution: Computation of not wealth of Alka for the Assessment year 2009-10 i. Land in Rural Area (Lies within 8 Kms from a Municipality) 48,00,000 ii. Land in Urban Area (held as SIT) –iii. Motor car 8,60,000 iv. Aircraft for use of employees and auditors 1,25,00,000 v. Bank Balance –vi. Guest house situated in Rural Area 10,50,000 vii. Residential flats to employees (salary does not exceed Rs. 500000) -viii. Residential house given to general manager 25,00,000 ix. Cash in hand as per books –x. Two residential house let out on rent but one house is let out for less than 300 days. 2,00,000 Gross wealth 2,39,10,000 Less: Loan taken for Acquisition of air craft 24,00,000 Urban land —Residential house to General Manager 4,00,000 28,00,000 Total Tax [ i. p. 1% on the amount in excess of Rs. 15,00,000 ] 19610000 x 1% 2,11,10,000 1,96,100 Qn. 5. (A) Anurag sells a plot of land on 8th July, 2008 for Rs. 40 lakh and paid brokerage on its sale @1%. He purchased this plot on 19th December, 1986 for Rs. 4. 20,000. On 1st February, 2009, he purchased a residential house for Rs. 15 lakh. He owns one residential house an 8th July, 2008. The cost inflation index for 1986-87 was 140 and for 2008-09 is 582.Find out the amount of capital gains chargeable to tax for the assessment, year 2009-10. Suppose Anurag sells the new residential house before 1st February. 2012, what will be the taxable amount of capital gains and C. S. Executive Tax Law Dec. 09 Solved Ans. 8 in which year it will be charged to tax? If Anurag purchases any other residential house before 1st February, 2011, what will be the taxable amount of capital gains and in which year it will be charged to tax ? Solution: (A) Computation of capital gains chargeable to tax for A/Y 2009-10 Sales Consideration Less: Expenses an transfer [brokerage @ 1%]Less: Indexed cost of acquision 420000 x 582 —140 40,00,000 4,00,000 17,46,000 18,54,000 15,00,000 LTCG 3,54,000 If Anurag sells the new residential house before 1st Feb 2012 the taxable amount is whole sales consideration and it is taxable in A/Y 2013 -14 If Anurag purchase any other res idential house before 1st Feb 2011, than taxability is not arise in A/Y 2012 -13. (-) Exemption U/S 54 (B) Danny has the following investments in the previous year ended 31st March, 2009: (i) Rs. 7,160 received as interest on securities of Karnataka government. (ii) Rs. 9,000 received as interest on securities of a listed paper manufacturing company. iii) Rs. 7,200 received as interest on the unlisted securities of a sugar company. (iv) Rs. 30,000. 11% securities (unlisted) of a textile company. (v) Rs. 20,000, 10% Tamil Nadu government loan, (vi) Rs. 50,000, 13. 5% listed debentures of Dolly Ltd. Interest on ail securities is payable on 30lh June, and, 31†³ December. The bank charges 1/5% commission on net realisation of interest as collection charges. Danny also received Its. 15, 000 as director's fee from a company. His other incomes are — winnings from horse race: Rs. 25,000 (gross); and interest on post office savings bank account : Rs. 6,000.Find out taxable income of Danny from other sources for the assessment year 2009-10. Solution: Computation of Income from other sources for the A/Y 2009 -10 Director Fees Winning from horse race Interest from post office saving bank account 11% securities (unlisted ) of a textile company 10% Tamil nadu Govt. loan 13. 5% listed debentures of Dolly ltd. Intt. On securities of Karnataka Govt. Intt. On a listed paper mfg. Co. Intt. On the unlisted securities of a sugar company Less: Deduction Bank Charges 1. 5% Total Income Amount 15,000 25,000 6,000 3,300 2,000 6,750 7,160 9,000 7,200 81410 1,221 80,189 C) â€Å"Loss under any head of income for any assessment, year can be set-off against the income from other heads of income but when it has to be carried forward for being set-off, it can only be set-off from income under the same head. † Explain. Solution: Where in respect of any Assessment year, if after setting off losses against income under the same head the net result of the computation under an y head of income, other than ‘capital gains’ is a loss, the assess shall be entitled to have the amount of such a loss set off against his income, if any, available, for that assessment year under any other head.But If the losses could not be set off under the same head or under different heads in the same assessment year, such losses are allowed to be carried forward to be claimed as set off from the income of the subsequent Assessment Year for eg;- A loss under the head house property, if could not be set off or was not wholly set off in the same assessment year, will be allowed for be carry forward and set off only under the head Income from house property similarly Business losses other speculation business can be carry forward and set off under the head PGBP. C. S. Executive Tax Law Dec. 9 Solved Ans. 9 Where in respect of any assessment year, the net result of the computation under the head â€Å"Capital Gains† is a loss to asseessee, whether short term or long term. Such loss shall be separately carried forward, further such carried forward short term capital loss can be set off in subsequent assessment year from income under the head capital gains, whether short term or long term, but brought forward long term capital loss shall be allowed to be set off only from long term capital gain. QN. 6 (A) Rohit is the owner of a house property, its municipal valuation. s Rs. 80,000. It has been let-out for Rs. 1,20,000 per annum. The local taxes payable by the owner amount to Rs. 16,000, but as per agreement between the tenant and the landlord, the tenant has paid the amount direct to the municipality. The landlord, however, bears the following expenses on tenant's amenities: Rs. Extension of water connection Water charges Lift maintenance Salary of gardener Lighting of Stairs Maintenance of swimming pool The landlord claims the following deductions : Repairs and collection charges Land revenue paid 3,000 1,500 1,500 1,800 1,200 750 7,500 1, 500Compute the taxable income of Rohit from the house property for the assessment year 2009-10. Solution: Computation of Income from House Property of Rohit. Actual Rent Value Less: Expenses net by Rohit an amenities provided to the tenant’s Water charges Lift Maintenance Salary of gardener Lighting of stairs Maintenance of Swimming pool Extension of water connection Annual Rent Net Annual value ( Municipal rent value Rs. 80,000 or Rs. 1,10,250 which ever is higher ) Less: Statutory deduction @ 30% Taxable income from House Property 1,20,000 1,500 1,500 1,800 1,200 750 3,000 9,750 1,10,250 1,10,250 33,075 77,175 B) What are ‘capital assets' ? What items are not included in capital assets ? Solution: Capital asset means property of any kind held by the assessee, whether or not connected with his business or profession, but does not include: (i) any stock-in-trade, consumable stores or raw materials held for the purposes of his business or profession as these will be taxe d under the head â€Å"profits and gains of business or profession†; (ii) personal effects, that is to say, movable property (including wearing apparel and furniture), held for personal use by the assessee or any member of his family dependent on him.However, the following assets shall not be treated as personal effects though these assets are moveable and may be held for personal use: (a) jewellery; (b) archaeological collections; (c) drawings; (d) paintings; (e) sculptures; or (f) any work of art. (iii) agricultural land in India, which is not an urban agricultural land. In other words, it must be a rural agricultural land; (iv) 6. 5% Gold Bonds, 1977, 7% Gold Bonds, 1980 or National Defence Gold Bonds, 1980 issued by the Central Government; (v) Special Bearer Bonds, 1991, issued by the Central Government;C. S. Executive Tax Law Dec. 09 Solved Ans. (vi) Gold Deposit Bonds issued under the Gold Deposit Scheme 1999. 10 QN. 7. Attempt any four of the following : (a) â€Å"Ser vice tax is generally payable by the service provider, but there are certain situations in which service receiver is liable to pay service tax. † Explain. (b) What are the due dates for payment of service tax by different assessees? (c) Indicate the amount of interest payable for late payment of service tax and the amount of penalty payable for late filing of return of service tax. d) Explain the provisions regarding submission of return under service tax. (e) What is the basis of calculation of service tax payable? Explain the provisions governing valuation of taxable services. (f) Choose the most appropriate answer from the given options in respect of the following; (i) What would be the value of taxable service, if gross amount charged by a service provider on 5th March, 2009 is Rs. 9,000 — (a) Rs. 8,010 (b) Rs. 8,160 (c) Rs. 9,000 (d) Rs. 8,100. (ii) If Raj has collected any amount of service tax from Brij which is not required to be collected.Raj shall pay the amou nt so collected to — (a) Brij (b) The Central Government (c) Keep it with himself (d) None of the above. (iii) E-payment of service tax is compulsory in the case of an assessee who had paid service tax in the preceding financial year equal to at least — (a) Rs. 10 lakh (b) Rs. 40 lakh (c) â€Å"Rs. 50 lakh (d) Rs. 1 crore. (iv) Upto what amount, the value of all taxable services provided by a service provider during a financial year is exempt from payment of service tax — (a) Rs. 4 lakh (b) Rs. 8 lakh (c) Rs. 10 lakh (d) Rs. l2 lakh. v) If a corporate assessee lias paid Rs. 5,000 as excess service lax during; the previous half-year ending period, this excess amount can be adjusted against its subsequent tax liability — (a) Equally every month (b) Equally per quarter (c) In one lump-sum (d) Equally on half-yearly basis, Solution (a) The general principle is that the person providing a taxable service is liable to pay service tax, but in certain specific s ituations, as Government may notify, persons other than the person providing the taxable service are liable for payment of service tax. S. No. Services Persons liable for payment 1 Telecommunication Provider of service General Insurance Insurer or reinsurer 3 4 5 Insurance Auxiliary Insurance Agent Any service provided from outside India and Receiver of service in India received in India Goods transport agency (GTA) Person making payment of freight i. e. receiver of the service (if consignor or consignee of goods are in organized sector), or GTA i. e. provider of service (in other cases) C. S. Executive Tax Law Dec. 09 Solved Ans. Sponsorship services Receiver of services Business auxiliary services of distribution of mutual Receiver of service in India fund Any other taxable service Service provider 6 7 8 11 B) There have been frequent changes in the due dates for payment of service tax. The current law pertaining to due dates for depositing the service tax are summarized in the ta ble given below: Category of Assessee Periodicity of Payment Period Due Date Individuals, proprietary Quarterly firms or partnership firms April to June 5th (6th in case of eJuly to September paymentofthe month October to December immediately following the said quarter January to March 3 1st March Others All months except March 5th (6th in case of e-payment) of the month immediately , following the calendar month MonthlyMarch 3 1st March (C) The amount of interest payable for late payment of service tax is 13%. Return of service tax has to be filed within the prescribed period. A late fee has to be paid along with the filing of return of service tax if the same is filed late. Where the return is furnished late the person liable to furnish return is liable to pay to the Central Government a penalty, on the basis of period of delay subject to maximum of Rs. 2,000. Period of delay from due date Penalty to be paid Upto 1 5 days 16 to 30 days Rs. 500 Rs. 1,000 After 30 days Rs. 1,000 + 1 00 per day in excess of 30 days pto maximum of Rs. 2,000 (D) Every person liable to pay service tax shall himself assess the tax due on the services provided by him and furnish a return in Form ST-3 (in triplicate) on a half-yearly basis. ‘Half year' means 1st April to 30th September and 1st October to 31st March of financial year. Without prejudice to the provisions of section 70, the Board may, by notification in he Official Gazette, frame a Scheme for the purposes of enabling any person or class of persons to prepare and furnish a return under section 70, and authorise a Service Tax Return Preparer to act as such under the Scheme.The return has to be submitted by the 25th of the month following the particular half-year. Even a NIL return has to be filed if the assessee has not rendered any taxable service during a particular half year. There are no provisions under the Act which enable the filing of revised returns. (E) As per section 66, service tax is to be charged @ 12% of the value of taxable service proved or to be provided. Hence, we have to determine the value of such taxable services so as to pay service tax. As per section 67, the valuation of taxable service shall be determined as under:— SituationValuation (i) where the provision of service is for a gross amount charged by the service provider for such consideration in money service provided or to be provided by him (ii) where the provision of service is for a such amount in money, with the addition of service tax consideration not wholly or partly consisting charged, as is equivalent to the consideration. In other of money words, it should be value of similar services provided to third party. If similar service is not provided to third party, it should be market value as determined by the assessee ut it cannot be lower than the cost of provision of same. (iii) C. S. Executive Tax Law Dec. 09 Solved Ans. 12 where the provision of service is for a the amount as may be determined in th e prescribed consideration which is not ascertainable manner (F) (i) (b) 8160 (ii) (b) The central Government (iii) (c) Rs. 50 lakhs (iv) (c) Rs. 10 lakhs (v) (c) In one Lump-sum PART—C QN. 8 Attempt, any four of the following : (i) How would you take input tax credit when goods purchased are transferred by the dealer to his branch in any other State ? ii) A registered dealer can set-off the amount of input tax against the amount of his output tax. † Explain. (iii) Explain the procedure of registration under â€Å"value added tax' (VAT). (iv) In what purchases input, tax credit is not allowed under VAT ? (v) What are the deficiencies in the design of VAT that has been adopted by the States in India? Give your opinion (vi) â€Å"Tax credit or invoice method has been adopted universally because; of the inherent advantages in the credit method of calculating tax liability? Explain, Solution (i) Stock/Branch transfers i. . transfer of stock from head office to the branch or vice-versa (viz. Inter-State transfers) do not involve sale and, therefore, they cannot be subjected to sales-tax/VAT. However, if (1) inputs are used in the manufacture of finished goods, which are stock/branch transferred; or (2) goods purchased for re-sale are stock/branch transferred, then, tax paid on such inputs/goods will be available as input tax credit subject to retention of 4% out of such tax by the State Governments. (ii) For claiming input tax credit dealer must be a registered dealer.A registered dealer can only set off the amount of input tax against the amount of his output tax. Further a registered dealer must purchase goods from another registered dealer who has not opted for composition scheme to claim credit of input tax. Apart from registration requirement the registered dealer must keep supporting evidences like VAT invoice of the purchases. (iii) Any dealer whose gross annual turnover is above Rs. 5 lakh will be liable to get compulsory registration. An exi sting dealer will be automatically registered under the VAT Act.A dealer registered under the VAT Acts is called a registered dealer. Any other dealer may get himself voluntarily registered. On such a dealer Commissioner may impose any conditions as he thinks fit. If dealer fails to get registration he may be registered compulsorily by the commissioner. Time limit Application for registration must be made within 30 days from the date of liability to get registered. Whom to apply Application for registration must be made to the VAT Commissioner. Exemption from registration A small dealer with gross annual turnover not exceeding Rs. lakhs does not require registration. Further States may increase the above limit for the small dealers to Rs. 10 lakhs. Penalty If a dealer who is liable to get himself registered, fails to do so then he shall be liable to penalty and he shall not be eligible for input tax credit related to the period prior to the compulsory ‘registration. Cancellati on of registration In the following cases registration can be cancelled: (i) In case of discontinuance of business; or (ii) In case of sale or disposal of business; or (iii) In case of shifting or transfer of business to a new state; or (iv)Annual turnover of the dealer falls below the specified amount. (iv) Purchase in which input tax credit is not allowed under VAT :i) purchases from unregistered dealer. ii) iii) iv) v) vi) vii) viii) C. S. Executive Tax Law Dec. 09 Solved Ans. Purchase from registered dealer who opted for composition scheme. Purchase of goods as may be notified by the state Government. Purchase of goods where invoice does not show the amount of tax separately. Purchase of goods, which are being utilized in the manufacture of exempted goods. Goods imported from outside the territory of India.Inter state purchases. Purchase of goods used for personal use/ consumption or provided free of cheque us gifts. 13 (v) Deficiencies in the design of VAT that has been adopted by the States in India are as under : (1) Detailed records even by small traders : In order to ensure genuine availment of credit, VAT system requires maintenance of detailed accounting records even by all dealers. The small traders/firms find it difficult to do so since the accounting cost is higher than the benefit gained by them by marinating such records. Hence, they object to the VAT system. 2) Problems due to different VAT rates, exemptions, concessions and composition schemes : The advantages of VAT can be achieved only if there is single rate of VAT without any exemptions, concessions and/or composition schemes. The presence of different VAT rates, exemptions, concessions and/or composition schemes distorts the flow of audit trail introduced by VAT system and may result in cascading effect of taxation. (Note : Composition schemes provide for lumpsum payment of VAT at a lower rate on the total turnover, in full discharge of VAT liability, without any input tax credit. (3) Ma tching Requirements v. Different rates of VAT : Due to varying fiscal and social needs, there are varying VAT rates in India. The presence of different VAT rates requires matching of purchases and sales, which is not only difficult but impractical as well. However, if matching requirement is waived off, then, there will be scope for tax evasion by showing higher sales of goods bearing lower rate and lower sales of goods bearing higher rate. (4) Increase in investment and inflation : As compared to single-point taxation- at the time of last sale, VAT equires payment of tax at each stage of production/distribution. Since there may be time-gap in availment of credit on inputs and utilization of such credit against payment of VAT on sales, the dealers will have to carry tax paid stock, which would mean higher investment in stocks/working capital. This would increase interest cost and would increase the prices, thereby, causing inflation. However, this criticism is not fully correct. Ava ilability of credit/set-off of tax paid on inputs reduces cost of production and ultimately the sale price, thereby, putting a check over inflation.The price reduction is more than price increase due to interest cost. Thus, VAT is not inflationary in nature. (5) Non-integration of State VAT with Central VAT : Until the State VAT gets integrated with Central VAT and Central Sales Tax, the purchases from other states cannot be put at par with purchases from within the Stage because tax on inter-state purchases (i. e. CST) is not available as credit/set-off while tax on intra-state purchases (i. e. VAT) is available as credit/set-off. Thus, VAT system doesn't rule out cascading effect and the neutrality as to source of purchases remains confined to within the State. vi) Tax credit or invoice method has been adopted universally because; of the inherent advantages in the credit method of calculating tax liability which are (i) Government gets the tax on ultimate sale price to consumer i. e. the tax paid by the consumer gets into Government Exchequer. The Revenue is collected at various stages on the amount of value addition made at the respective stages. Thus, there is no revenue leakage. (ii) This method checks evasion of tax. In order to avail credit of tax paid on purchases, the dealer will have to maintain purchase invoices.If the purchase invoices are not maintained, no credit will be available and the dealer will have to pay tax on the total sales value, thereby, leading to higher sale price or lower profits. A dealer not maintaining purchase invoices will loose either way. Thus, the possibility of tax evasion is minimum. (iii) If the profit margin is kept at constant level, then the credit/set-off provided under this method would eliminate cascading effect of taxation and would result in reduction of ultimate sale price. Thus, the industry and the trade would benefit.

Investigating the development and importance of the auditing standards

The regulative environment makes it compulsory that organisations such as limited liability companies must be audited by an independent external hearer qualified under the ordinances of professional organic structures internationally or nationally to guarantee that the company is working in conformity to the company jurisprudence set by several states. An external hearer maps as an independent organic structure appointed by and studies to stockholders to show an sentiment whether the fiscal statements are prepared, in all stuff respects, true and just and in conformity to the applicable fiscal coverage model ( Pflugrath G. , Martinov-Bennie N. and Chen L. , 2007 ) . In describing to the stockholders, the hearer provides sensible confidence whereby they do non vouch fiscal statements are free from material misstatements but instead at an acceptable degree. Professional organic structures worldwide carries a responsibility to put auditing criterions to play a function of helping hearer s in executing responsibilities in order to supply high degree of assurance to intended users of the Financial Statements ( Noreen, 1988 ; Siegel et al. , 1995 ; Wotruba et al. , 2001 ) .2.0 Main Report2.1 Development of auditing criterionsThere are three regulative environments which govern statutory audits and one of them is scrutinizing criterions. At International degree, the International Federation of Accountants ( IFAC ) is the planetary organisation for the accounting profession. An independent standard-setting board under IFAC is known as the International Auditing and Assurance Standards Board ( IAASB ) . The IAASB developed the International Standards on Auditing ( ISAs ) to be carried out on audit battles. As for National degree, ordinances differ as there are assorted standard scene organic structures which choose to follow the ISAs by modifying it or to put their ain criterions to accommodate harmonizing to single states. In Malaysia, the Malaysian Institute of Account ants ( MIA ) , a member of IFAC is responsible in developing the Malaysian Approved Standards on Auditing ( AI ) which adopts the modified ISAs. However, the latest development states the execution of a new board which is the Audit and Assurance Standard Board ( AASB ) ( Cosserat and Rodda, 2009 ) .2.2 Importance of the auditing criterions.An scrutinizing criterion is a signifier of the current best pattern applicable in statutory audit battles by sanctioned hearers which sets a minimal degree of proficient proficiency to guarantee work done is of high quality auditing and at the same clip supplying high degree of confidence ( Jubb and Houghton, 2007 ; Simnett, 2007 ) . It is a signifier of benchmarking the strength of accomplishing aims of the professional organic structures in being a function theoretical account in the accounting profession as stated by Watkins et Al. ( 2004 ) , and besides safeguarding the place of hearers whilst scrutinizing fiscal statements. Through professional and ethical criterions such as independence and unity, Alfredson, K. et Al. ( 2005 ) states that hearers carry out elaborate plants to value a capable affair whether it is of true and just position. Once a decision is made, the sentiment obtained would find the degree of assurance the populace would hold towards the fiscal statements ( Alfredson, K. et al. , 2005 ) . This adds on to cut downing the hazard factor faced by users of the fiscal statements ( Martinov, 2004 ) as it deters managers of an entity to transport out deceitful activities. At the same clip, it besides indirectly strengthens the audit profession as the populace would hold an increased assurance degree taking to a better feeling towards hearers in general ( Simnett, 2007 ; Dellaportas, Senarath Yapa and Sivanantham, 2008 ) . As processs of executing a statutory audit is consistent and of principles-based, it becomes less stiff and flexible to be implemented on the audit plants carried out on fiscal statements. Aside from that, as agreed by Noreen, 1988 ; Siegel et al. , 1995 ; Wotruba et Al. ( 2001 ) ; it may be able to cut down clip factor as hearers are able to be after and analyse which country are important to be tested more and frailty versa because they are already well-versed with the audit processs set by the criterions. However, this may present as a menace because the usage of their ain opinion becomes excessively subjective and therefore, they may be given to be excessively indulgent during audit processs and beltway on of import affairs. Hearers could even deliberately choose non to execute so much elaborate work and merely province fiscal statements as true and just since wittingly for the past history, it has been stated as so ( Jones et al. , 2003 ; Herron and Gilbertson, 2004 ) . From this affair, it can be of advantage to managers to carry on deceitful activities because hearers can merely see an sentiment on fraud but non able to observe and forestall it. It is the responsibility of the direction and managers to go to to deceitful possibilities in a company. With that said, they may choose to non follow deliberately by declining to unwrap gray countries in its fiscal statements or relevant information needed to execute the audit ( Cosserat and Rodda, 2009 ) . While saying to be able to accomplish high quality audits worldwide, a smattering of states still implement their ain auditing criterions to accommodate their national statute laws and traditions ( Samuels and Piper, 1985 ; Tarca, 1998 ; cited in Dellaportas, Senarath Yapa and Sivanantham, 2008 ) . This is likely due to the fact that there are still many developing states which do non hold professional organic structures for such a intent as this or even states like in the United States of America whereby they adopt a different criterion which is of rule-based ( Simnett, 2007 ) . All this may reciprocally do a hold and obstructor to harmonisation of criterions across the Earth in concurrence to international convergence ( Weetman, 2006 ) . Aside from that, consistent updating and alteration of criterions poses a demand to maintain oneself updated taking to a deficiency of assurance while executing responsibilities due to inaccurate executing of criterions implied on audit work as there are restrictions to how much one can make at a period of clip. Being excessively proficient with ordinances may do hearers to be ‘stiff ‘ in their public presentation and therefore, lack grasp on findings of samples, trial objects and the appraisal of analytical processs.2.3 Aims and Activities of IAASB and AASBWork done by the IAASB is monitored by the inadvertence organic structure known as the Public Interest Oversight Board ( PIOB ) whereby the populace ‘s involvement is involved sing proper revelations and transparence of issues that concerns to bettering the overall mission and to accomplish aims of the professional organic structure ( Dellaportas, Senarath Yapa and Sivanantham, 2008 ) . IAASB came up with a development of a plan in the twelvemonth 2004, which functions to redraft the full ISAs either partly to change countries in the ISAs or to to the full bring down new lucidity conventions where applicable. The Clarity Project reached a degree of completion upon confirmation by the PIOB and now contributes 36 freshly clarified criterions as guidelines in confidence battle by qualified hearers worldwide ( Accountants Today, June 2009 ) . Judging from the fact that the criterions now clearly identifies the aims and duties an hearer faces, a better apprehension of the full construct and public consciousness are gained ( Buchanan, F.R. , 2003 ) . The freshly improved criterions are by-far less proficient and therefore, easy to be adopted by practicians to be implemented on processs carried out for confidence battle. The whole intent of carry oning the lucidity undertaking is to do the criterions more appropriate and updated with the recent environment and at the same clip to help and update users of relevant information and a clearer position of using each criterion for the benefit of the populace ( Dellaportas, Senarath Yapa and Sivanantham, 2008 ) . The assurance of the populace in fiscal coverage activities would finally be increased ( Alfredson, K. , Leo, K. , Picker, R. , Pacter, P. and Radford, J. , 2005 ) . It is in a manner a good thing to invariably upgrade and redraft the criterions to accommodate the current coverage environment ( Humphrey, C. and Turley, S. , 2006 ) . However, there may be a little disadvantage in the sense of doing the revised criterions known to its users. The professional organic structures would necessitate to carry on seminars or station notices to all members of the professional organic structures to inform them of such amendments that has taken topographic point. This finally takes clip and attempts and may even incur a little cost to be carried out. Similarly the IAASB, the AASB plays a similar function in continuing an acceptable degree of quality professional services and high ethical behavior amongst practicians. The MIA further justified the desire of standing-out in the standard-setting procedure trusting that Malayan market can be integrated internationally so that point of views can be mentioned earlier alternatively of acquiring secondhand attending in order to germinate criterions that are more suited to the nature of the Malayan market ( Izma N. , 2009 ) . Implementing the ISAs by the AASB is a signifier of doing attempts to heighten the fiscal markets of Malaysia in going more competitory and stable. At the same clip, it besides improves professional unity and quality of audit plants by hearers. Under the backing of the MIA, AASB will go on to run into rigorous outlooks of stakeholders every bit good as traveling towards a holistic international convergence of criterions and enhance assurance of users through proper counsel in audit and confidence services. This may turn out to be a good measure in front in concurrence to be inline with the harmonisation of criterions in the universe today and besides to prepare the fiscal place of the state in order to hike assurance of the public one time once more ( Chan and Leung, 2006 ) . Therefore, conformity with scrutinizing criterions such as the ISAs and implementing it into aims and duties stated by the professional organic structures need to be acted out rapidly so as to non fall behind in clip because it can be rather a drawn-out procedure which is non accomplishable overnight ( Izma N. , 2009 ) .2.4 Further RegulationsCodes of Corporate Governance Corporate administration is the system whereby companies are directed and controlled. Cosserat and Rodda, 2009 mentioned that it is utile in avoiding affairs such as struggles of involvement seen in the bureau theory between the directors ( agents ) and the stockholders ( principal ) . In conformity to the UK Combined Codes of best patterns, the board of an entity is encouraged to organize an audit commission to guard the independency and objectiveness of hearers. An audit commission plays a function as an independent point of mention to turn to sing issues of struggle between the board of managers and the external hearers. Aside from that, in order to better external audit processs, they have a responsibility to supervise the unity of managers in fixing fiscal statements. Codes of Ethical motives The burden is ever on the hearer non merely to be ethical but besides to be seen as ethical. The International Ethics Standards Board for Accountants ( IESBA ) establishes a conceptual model for all practicians to adhere to five regulations: unity, objectiveness, professional competency and due attention, confidentiality and professional behavior. Menaces to these rules are to be identified and applied with several precautions to extenuate it. Hearers are subjected to ethical demands by professional organic structures because the public relies on hearers to bring forth an independent sentiment during confidence battles ( Pflugrath G. , Martinov-Bennie N. and Chen L. , 2007 ) . They farther elaborated that a high quality audit, consisting of professional competency and due attention features need to be conducted as hearers have entree to confidential information of the entity. Company Law An hearer is required to execute an one-year audit abiding by statutory responsibilities to describe to stockholders on whether fiscal statements are of a true and just position and in conformity to approved criterions. They need to be independent and persevering and province if sufficient information has been obtained and that the company has kept proper records harmonizing to the jurisprudence. The hearer must besides name out lacks of their findings in the hearer ‘s study. The company jurisprudence besides determines the rights, assignment, remotion and surrender of hearers and the liability of hearers to stockholders and 3rd parties ( Cosserat and Rodda, 2009 ) .3.0 DecisionThe result of these findings discussed has added cognition to a better apprehension of the full audit and confidence rhythm. The responsibilities of an external hearer must be based on appropriate conceptual models developed either internationally or nationally harmonizing to the suitableness of several states. They need to execute a statutory battle required by the company jurisprudence, which is of high but non absolute confidence that the fiscal statements are free from material misstatements. An overview of the constitution of scrutinizing criterions, its aims and importance to benchmark the quality of hearers in executing responsibilities and corporate administration, company jurisprudence and ethical codifications as extra ordinances in heightening the function of hearers were identified. Furthermore, the chief thought of separating IAASB and AASB on its maps and activities in the universe today has added cognition to the deepnesss of 1s ‘ head. Therefore, the several standards-setting boards need to foster enhance and beef up its actions and processs in order to accomplish international convergence and quality criterions to function the public better and increase in its objectiveness effectivity.

Daoism and Confucianism

Daoism and Confucianism Introduction The Daoism and Confucianism have some similarities and differences. The research paper will be comparing and contrasting both through what they share and what they differ. Various aspects like their origins, their theories, dynasties and major focus will be discussed. The paper starts with differences:Advertising We will write a custom research paper sample on Daoism and Confucianism specifically for you for only $16.05 $11/page Learn More The history of origin Confucianism is a philosophy that was introduced by a Chinese philosopher by name Confucius. This philosophy mainly based its arguments on the idea that logic and reason can create a solution to all challenges facing human beings (Yao 189). The Confucius opposed the excessive application of human emotions and superstition. According to the teachings of Confucianism, the use of early Chinese traditions is the best and most appropriate way of having an organized community. This philosophy a lso valued the traditional rituals and music as they maintain the harmony in the society. However, Lao Tzu initiated Daoism and its ideas are based on human beings living a balanced life according to the nature (Tang 76). According to Lau Tzu, he conceived the natural world as a teacher through whom human beings can obtain wisdom if only they observed and shaped their lives depending on the nature. He had a main goal of avoiding conflict and human beings to move according to the flow of things. Human cooperation and connection of nature The Confucianism is mainly known to encourage the cooperation among the human beings. It discourages the individualism as it teaches on the benefits of staying together as one community. The teachings of Daoism encourages on how one can survive well if only he or she associates well with the laws of nature. Even without the assistance of the fellow human beings, Daoism insists that anyone can survive in the society. Despite the fact that Confucianism encourages loyalty of leaders and superiors, it also gives people some rights to fight and oppose those rulers who are corrupt and treating other people unfairly (Renard 113). On the other hand, Daoism does not teach people on such aggression, as it calls for peace, humility and inaction. Dynasties believe in both Daoism and Confucianism The people in china have different believes as far as Confucianism and Daoism are concerned. A group believes in Confucianism while others believe in Daoism. This is facilitated by the fact that both have some truth and reasonable ideas that attract individuals. For instance, for those who follow Daoism, they believe that the most important aspect of a rational human world is not that matters a lot than the cosmic world of nature (Little 108). However, the followers of Confucianism value much the occurrences and events that affect people in their normal lives. Confucianism has a perception of human beings to enjoy their lives in the world to maximu m.Advertising Looking for research paper on religion theology? Let's see if we can help you! Get your first paper with 15% OFF Learn More The teachings of Confucianism are human oriented because it valued the pleasures of life like giving birth, feeding on good diet, and enjoying life with relatives and friends. In order for people to enjoy their lives fully, the Confucianism insists on social responsibility and working hard for them to be prosperous and joyful. When considering the thoughts of Daoism, naturalness and spontaneity are the most emphasized aspects of human beings (Renard 207). The teachings of Daoism does not give room for teleology no matter the circumstances, it is non-mechanistic such bringing the idea of the world as an immoral one. Similarities in ideas Although they differed in their ideas, there were still some theories that the two philosophers shared. It was a common idea to both of them that it was ones responsibility to care for his or her personal life, to facilitate individual development, and to improve oneself in economically and socially. On matters of improvement and development, the Confucianism says that the efforts that one puts in doing so are rewarded in the rest of ones life on this earth (Renard 221). According to Daoism, a person has to work for improvement and development here in the universe but the rewards may be realized in the next life and not necessarily here on earth. For both the Daoism and Confucianism have assisted in promoting the satisfaction of personal desires a moral way that has guided the Chinese people and other interested followers to attain their personal goals and objectives in life. Conclusion In conclusion, the both philosophers have managed to compliment one another as both have set an example that can be followed by the Chinese people. Most of people followed them in pursuit of achieving development and growth. Most of people preferred the teachings of Confucianism becaus e it concentrated much on the current and present happenings in the society (Yao 195). Unlike the Daoism that insisted on what would happen in the future, where one is not so sure of being present. When people are doing their normal things in life, they prefer to be assured of what they will benefit from here on earth but not about the life after death. The Confucianism also encourages its followers to be ken on what their leaders are serving them. Incase of any incidence of abuse of power and authority, people should not remain inactive and watch things happen; instead they should act against such leaders. This would lead to improvement of individuals and the society as a whole. Advertising We will write a custom research paper sample on Daoism and Confucianism specifically for you for only $16.05 $11/page Learn More The picture of Confucius, who introduced the Confucianism (www.logoi.com) The picture of Lao Tzu, who introduced the Daoism (www.taopage.org ) Little, Reg. A confucian-Daoist Millenium. Michigan: Connor Court Publishing Pty Ltd, 2006. Renard, John. One hundred one questions and answers on confucianism, Daoism, and  Shinto. New York: Paulist Press, 2002. Tang, Yijie. Confucianism, Buddhism, Daoism, Christianity, and Chinese Culture.  Beijing: CRVP, 2006. Yao, Xinzhong. An introduction too Confucianism. New York: Cambridge University Press, 2002.Advertising Looking for research paper on religion theology? Let's see if we can help you! Get your first paper with 15% OFF Learn More

Capability Development

With the growth of competition, organizations are always trying to find innovation strategies so that they can sustain the brand value and reputation in the industry (Rockart and Dutt 2015). Often most of the organizations fail to evaluate the core organizational capabilities and therefore they fail to ensure balance between stakeholders’ expectation. One such reason is effective data analytics and market research. This has resulted in raising the requirement bar of capability development from executive consultant. This report will develop the executive consultant requirement for capability development and will also highlight the interrelationship between the two factors for organizational value creation. The aim of this report is to identify the effect on capability development through discipline of consultancy. Following are the report objectives Capability development places extreme importance on employees and their capacities. It focuses on the capabilities of the employees to perform at high level adjust with the rapidly changing work context and environment. Developing knowledge co-creation and skills of the employees is one of the important aspects of the capability development. According to Brandon-Jones, Knoppen and Van Raaij (2014), creation of capability is all about shifting from segmented actions to holistic action, which is more purposeful and meaningful. Being capable of applying differentiated skills, the employees can bring innovation in organization. On the other hand, Rahmandad (2012) opined that capability development focuses on development of team and individuals through strategic activities. The intension behind capability development is to meet business challenge, business goals and creating capacities for adjusting with organizational change. Competency defines acquisition of skills, attributes and knowl edge, whereas capability defines the ability of the employees to apply those skills, attributes and knowledge in the organizational context. Moreover, professional development aspect of capability development centers at formal learning activities towards enhancing employees skills.   One of the most important models of capability development is Holistic Model.   According to Lupton and Beamish (2016), holistic model supports the work team towards responding quickly, innovatively and effectively to the changing business environment and consumer needs. The life based learning philosophy defines the skills, attributes and knowledge of the employees cannot only be acquired in the workplace. These factors are also highly dependent on external work environment in which they reside. Outside environment of employees may define the potential activities, which they may do at their work. On the other hand, McGrath and O'Toole (2014) opined that shared commitment and understanding in the work culture outlines organizational values towards framing capability level of the employees. While the organization will have supportive mentor for employees, they will be able to demonstrate their innovative approach and confidence in their work areas. Jiang, Malik and Guo (2015) opined that organization must have effective guiding principles for framing the capability development strategy. Therefore, an effective leader is highly required for identifying business issues and requirements. Based on those business requirements, the leaders would guide the employees for enhancing their capabilities. Moreover, organizational should adopt range of learning strategies in terms of on the job and off the job training towards skill development of the employees. Figure 1: Holistic Model of Capability Development It is quite common assumption that consultant service is only needed for larger organizations. However, Business consultancy firm can improve the business performance of organizations of all sizes. The experts of business consultancy provides high quality and well informed advice on the business topics like commerce and empowering employees towards achieving maximum potential. According to (Onal Vural, Dahlander and George 2013), some catalyst like emerging IT innovation, declining market share, tightening environmental policies dramatically change the commercial landscape. In such situation, business consultancy provides effective advice on the matters of organizational Governance. They mostly provide suggestions regarding acquiring new tools and overseeing work force development. On the other hand, Schweitzer (2014) opined that opined that true success of organization could not come only through instinct, gut reaction and luck. Organization success is highly reliant on realistic ap proach in the context of external business environment. In such situation, business consultancy offers realistic analysis, careful calculations and practical strategic development in the context of external business environment. Therefore, organizations can take most realistic approach towards confronting business challenge and gain long-term success in every business aspect. According to Hansen and Alewell (2013), the diagnostics of business consultancy act as professional leaders for overall organizational success. They analyze the specific organizational issues and business gaps whether it is related to development of human capital or proper allocation of financial resources. The HR diagnostics of the consulting firm identify the lack of skill level in the work group. After identifying gaps, the HR diagnostics provide effective training to the employees for enhancing their skills levels. Therefore, the employees become quite able to adjust with dynamic business environment and follow innovative ideas towards contributing in organizational success. On the other hand, Robert Mitchell and Shepherd (2012) opined that the role model of business consultancy offers deep insight on the business culture by identifying the behavior and emotional intelligence of the employees. They business consultants can create system of reward behavior towards aligning with ch anging organizational culture. The consults also offer effective succession planning for the employees towards initiating an inspiring work culture for the employees. It helps in enhancing productivity level of the employees towards effective organizational success. According to McGrath and O’Toole (2016), the coaches of business consulting firms offer diverse group of experiences towards organizational growth. They align the learning needs of the employees with the requirement of business. The firms identify the gaps in the learning process of the employees and develop a concrete procedure for future progress. While considering the view of Apsc.gov.au. (2016), it can be found that capability building is the centralized part of organizational performance, which requires systematic learning and development approach guided by consulting firms for value enhancement. On the other hand, Australian Institute of Management (2016) proved that leadership and management framework are building blocks that make an organization capable enough to contribute in forming its benchmarking for effective performance. Furthermore, Joshi (2016) highlighted that capability development through business consultancy helps in encompassing various job roles and outc ome through critical thinking and thereby ensuring organizational sustainability. From the above discussion, it can be said that discipline of consultancy helps in developing organizational knowledge and a positive sense of stakeholder management. It is quite clear that with the growth of competition, an organization may not have the capability to ensure effective market data analysis but with the assistance from business consultants they can ensure innovation and mitigate challenge. Forstner, Kamprath and Rà ¶glinger (2014) pointed out that business consultancy acts as the trusted advisor for an organization so that professionalism can be enhanced to ensure positive outcome in future. Finally, it must be said that organization development can be only achieved by effective leadership who will guide the flow of operation in reaching future goals. In such case, executive consultancy proves to be the mentor in forming desired leadership approach and how the managers must act while controlling massive human resource. Therefore, from the discussion it is clear that as sistance about both innovation and internal operation, discipline of consultancy acts as the supporting arm for leading a business towards success. Figure 2: Relevance of Capability Development with Discipline of Business Consultancy While considering the view of Robert Mitchell and Shepherd (2012), it can be said that value of an organization is only achieved when the purpose to fulfill stakeholder’s expectation is achieved. Consulting agencies while acting as the mentor or trusted advisor has only one motive, this is to ensure capability development for its client. Value of an organization is dependent on its performance but often the core competencies remain unknown, which is highlighted by business consultancies. With the expense of time and due to organization expansion, most of the organizations fail to keep a balance between its core values and stakeholder management. Such scenarios are quite common in most of the small scale enterprises of Australia. In order to gain revenue, organizations fail to ensure effective balance between employee expectation and client satisfaction resulting to deteriorate value. Such imbalances result in losing organizational reputation. Executive consultancy helps in enhancing the organizational value by setting up strategies through balance scorecard, through which core stakeholder’s expectation and satisfaction is met. For manufacturing organizations, executive consultancy helps in analyzing the gap between organization’s production and market demand and based on that future scope of productivity development is proposed. By following such advices, organizations are able to increase the productivity and thereby ensure balance between its stakeholders, which helps in restoring organizational value. Some of the most important advices that executive consultancies provide for developing capability are provided below: The number of consultancy firms in Australia is increasing but the most common points are listed above. From the above points, it can be found that consultancy agencies always try to create customized reports for their client organizations so that the competitiveness does not get hampered.   Some of the service oriented organizations in Australia are value oriented rather than hardcore profit earning but for them the consultancy firms try to ensure best quality without the expense of capital endorsement. With whatever be the procedure, consultancy firms try to ensure best quality service and client satisfaction through which organizational value is restored, which further helps in ensuring professionalism. The whole paper has highlighted capability development by discipline of consultancy but some of the negative aspects of such service are pertaining to the degree of customization. The FMCG and IT industry of Australia is rapidly growing at present but against such sectors the target market is extremely common. This has somehow resulted in poor customized business progress report as product diversification and changing government regulation has made limited scope of customization. Most of the consultants are almost providing the same solutions to their clients and therefore competitive advantage is becoming negligible. While concluding it can be said that organizations in Australia are extremely competitive but they often fail to gather market information through data analytics and thereby cannot ensure best strategy for sustainable business. In such a scenario, executive consultants help the organizations in setting up the most customized strategic business approach for future. 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