I will upload the essay topic for you Example | Topics and Well Written Essays - 2500 words

I will upload the topic for you - Essay ExampleMore details are provided belowSection 4-1of the Income levy legislation states that income tax is paid by each individual and company, and by some other entities. Income tax is paid for each year ending on 30 June, and it is called the financial year.(b) An accounting period that is not the same as the financial year, any such accounting period or, for a company, each preceding accounting period is an income year. The Commissioner allow an adoption of an accounting period ending on a day other than 30 June as provided in Sction 18 of the Income Tax Assessment Act 1936. 1Energy Matters reported that as of May 2010, there is no specific legislation dealing with incomes generated from feed-in tariff.2 However, the common fair play may be used. The assessable income tax as provided for by law states thatThis is applied to all entities, whether from business, property, hobby, profit-making scheme, or as shareholder for a corporation. Even earnings for loss of salary, pain and suffering are considered incomes.Assessable income includes ordinary incomes derived from all sources including outside of Australian jurisdiction as long as one is an Australian resident. For non-Australian residents, assessable incomes include only those gained from all Australian sources for the covered financial year.There are also incomes that are called statutory incomes and considered assessable incomes. For ACT solar Systems Ltd., a flat rate of 30% will be filed for payment as income tax. All statutory incomes derived from Australian sources are assessable incomes.3 Australian residency is an important distinction because only Australian residents are provided tax-free threshold from $6,000 up to $11,000 income rebate while non-residents have a flat rate for flagrant income of 29%. There is also no medical levy for non-residents.ACT Solar Systems Ltd. being a company