Sana-The Commerce House

Unit I: Basic Concepts 1. Which of the following is not considered as "Income" under the Income Tax Act, 1961? a) Salary received b) Capital receipt c) Profit from business d) Rent received Answer: b) Capital receipt 2. Agricultural income is a) Fully taxable b) Fully exempt from tax c) Partly taxable and partly exempt d) None of the above Answer: b) Fully exempt from tax 3. Casual income includes a) Salary income b) Business income c) Winning from lottery d) Rental income Answer: c) Winning from lottery 4. The period for which income is calculated for tax purposes is known as a) Financial Year b) Previous Year c) Accounting Year d) Calendar Year Answer: b) Previous Year 5. Which of the following is included in Gross Total Income? a) Exempted income b) Salary, House property income, and Business income c) Gifts received from relatives d) Agricultural income Answer: b) Salary, House property income, and Business income Unit II: Basis of C...

Implementing Corporate governance standards in different jurisdictions, including the United  States, European Union countries and emerging countries. International Aspects of Corporate  Social Responsibility; Stakeholder engagement. Corporate Governance Standards United States Regulatory Framework : The U.S. corporate governance framework is primarily driven by federal laws like the Sarbanes-Oxley Act (SOX) of 2002, and regulations enforced by the Securities and Exchange Commission (SEC). Additionally, stock exchange rules, such as those from the NYSE and NASDAQ, play a significant role. Key Practices : Emphasis on board independence, audit committees, internal controls, and executive compensation transparency. European Union Regulatory Framework : The EU has a mix of regulations and directives, such as the EU Shareholder Rights Directive and the Corporate Sustainability Reporting Directive (CSRD). Individual member states also have their own corporate governance codes. Key P...