After profits from all sources are added into the Tax basket, the exempted profits, deductions allowed and all allowances like Capital Allowances, Rural Investment Allowance, etc are removed from the basket. The remaining profits in the Tax basket – Taxable Income, are then subjected to Companies Income Tax rate of 30% in Nigeria.
THE GOOD SAMARITAN, THE EGG SHELL SKULL RULE AND THE NEIGHBOUR PRINCIPLE Introduction The idea of a person being under an obligation to rescue or render assistance to another person who is injured or in peril has its origins in the biblical parable of the Good Samaritan. In that parable, Jesus answered a lawyer’s question of “who is my neighbour?” by stating that the neighbour was the person who showed mercy to the injured man in the story and that…
This comes up for consideration in a scenario such as this: Where he keeps beating his wife. She feels wronged but thinks there is nothing one can do about it.
Here is something, such a man can be sued successfully for the offence of assault.
If you are in an abusive relationship and you do not do something about it, you are endangering yourself. Violent behavior towards one another is wrong no matter who does it and family members are not exempted!
Divorce: Sole Ground For Dissolution of Marriage “Man proposes, God disposes!” was her exact thought. Tara had always wanted to study Economics at the University of Ibadan. She had heard so much about the Premier University right from her days at Brighter Rose College. The connections of Prof. Wole Soyinka, her favourite author with the prestigious institution also increased her interest in the University. Hardly would a day pass without Tara searching for “University of Ibadan” on google. Tara George…
THE PERSON WITH THE BEST LEGAL OPINION BY FRIDAY, 6TH OF OCTOBER, 2017 GETS A KAMPALA TOP AND AIRTIME WORTH N1000 AMONGST OTHER FANTASTIC PRIZES.
“the tort of malicious prosecution is an action for damages brought by one against whom a civil suit or criminal proceedings has been unsuccessfully commenced without probable cause and for aims other than bringing the alleged offender to justice”
“Justice Bode Rhodes-Vivour, who read the lead judgment, held that “no matter the circumstances of the birth of a female child, such a child is entitled to an inheritance from her later father’s estate”
“The effect of such mistake is that the contract is usually void ab initio, i.e, from the beginning. Therefore, no property will pass under it and no obligations can arise under it”.
“The finder of lost articles on land belonging to someone else is entitled to possession against everyone but the true owner”
“Trademark law protects companies and manufacturers from competitors trying to cash in on the success of their trademark”