Income Surplus – NBC Institute

TX – May 2019 – L3 – Q1a – Tax planning-+

Analyze the tax implications for a company increasing its stated capital by transferring funds from income surplus.

Question

Management of Kwame Enterprise Ltd considers increasing its stated capital by transferring GH¢600,000 from Income Surplus in 2019 year of assessment in its bid to expand its business horizon in future. The management of the company intends to consult widely on the taxability, if any, on this line of action.

Required:

Assess the tax implication of this funding arrangement by Management of Kwame Enterprise Ltd.
(3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Dividend Withholding Tax, Income Surplus, Stamp Duty, Stated Capital
Level: Level 3

Topic: Tax administration in Ghana
Series: MAY 2019

BCL – May 2019 – L1 – Q6a – Company Law

Explains the concepts of floating charge, naked debentures, and income surplus in company law.

Question

a) Explain the following:
i) Floating charge
ii) Naked Debentures
iii) Income Surplus
(12 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Capital, Floating Charge, Income Surplus, Naked Debentures
Level: Level 1

Topic: Contract Law
Series: MAY 2019

TX – May 2019 – L3 – Q1a – Tax planning-+

Analyze the tax implications for a company increasing its stated capital by transferring funds from income surplus.

Question

Required:

Assess the tax implication of this funding arrangement by Management of Kwame Enterprise Ltd.
(3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Dividend Withholding Tax, Income Surplus, Stamp Duty, Stated Capital
Level: Level 3

Topic: Tax administration in Ghana
Series: MAY 2019

BCL – May 2019 – L1 – Q6a – Company Law

Explains the concepts of floating charge, naked debentures, and income surplus in company law.

Question

a) Explain the following:
i) Floating charge
ii) Naked Debentures
iii) Income Surplus
(12 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Capital, Floating Charge, Income Surplus, Naked Debentures
Level: Level 1

Topic: Contract Law
Series: MAY 2019

Question Tag: Income Surplus

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TX – May 2019 – L3 – Q1a – Tax planning-+

Analyze the tax implications for a company increasing its stated capital by transferring funds from income surplus.

BCL – May 2019 – L1 – Q6a – Company Law

Explains the concepts of floating charge, naked debentures, and income surplus in company law.

TX – May 2019 – L3 – Q1a – Tax planning-+

Analyze the tax implications for a company increasing its stated capital by transferring funds from income surplus.

BCL – May 2019 – L1 – Q6a – Company Law

Explains the concepts of floating charge, naked debentures, and income surplus in company law.

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Question Tag: Income Surplus

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TX – May 2019 – L3 – Q1a – Tax planning-+

Analyze the tax implications for a company increasing its stated capital by transferring funds from income surplus.

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BCL – May 2019 – L1 – Q6a – Company Law

Explains the concepts of floating charge, naked debentures, and income surplus in company law.

You're reporting an error for "BCL – May 2019 – L1 – Q6a – Company Law"

TX – May 2019 – L3 – Q1a – Tax planning-+

Analyze the tax implications for a company increasing its stated capital by transferring funds from income surplus.

You're reporting an error for "TX – May 2019 – L3 – Q1a – Tax planning-+"

BCL – May 2019 – L1 – Q6a – Company Law

Explains the concepts of floating charge, naked debentures, and income surplus in company law.

You're reporting an error for "BCL – May 2019 – L1 – Q6a – Company Law"

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