Dahabiya Cruise: Your Passport To Paradise Of Nile

Egypt is that perfect country where one can find every aspect of a good holiday. The country’s richly profuse history and an ancient culture teemed with bazaars and the unforgettable Nile certainly makes the trip a unique experience. Those who travel to Egypt never fail to board the Dahabiya for a memorable trip down the river Nile. Nile that flows throughout the country and cuts through the nooks of various cities like Aswan, Cairo and Luxor can give you a pleasant peek into the architecture and outline of the country.

Dahabiya cruise is a very popular and ingenious way of letting your hair down and enjoying your trip to the fullest. It is a secure and ideal way of feasting your eyes on all the monuments, pyramids, sphinxes, temples and other delights that the place has to offer. Nile is the longest river in the world and is your window to one of the most ancient and richest civilizations in the world. Since the river meanders through the various crevices of the country, you easily get an insight into the quintessential lifestyle which the locals follow.

Dahabiya Nile Cruise is in heavy demand these days. A Dahabiya is a colossal looking ship with a giant sail. It is grand in looks and is reminiscent of the days when Pharaohs used to enjoy traveling down the Nile on these. These ship-like structures are not just great in looks from the exterior but are stuffed with all the luxurious items from the inside. You can expect a royal treatment, great hospitality and presence of all facilities inside these vessels. Dahabiya has a colonial presence since they were used by the European travelers to sail down the Nile. Their popularity has increased over the years with the tourists appreciating the comfort and experience they offer.

When you travel to Egypt, you surely would like to explore it in its pristine form. Since Egypt is a huge country with quite a few interesting cities, it may not be possible for you to explore the country on land in just a few days. Dahabiya cruise, on the other hand, makes it possible for you to access different cities in a short time and capture all the mesmerizing moments in your camera and memories. The great thing is that these vessels make a stop-over at certain destinations so that you can take a closer look at the temples and monuments and explore them till your heart’s desire. After you are done, the Dahabiya shall sail again to another destination and for another breath-taking experience!

Dahabiya Nile cruise is an elegant and classic way of traveling in this country. It certainly lends your holiday a unique personality since you virtually do all the sightseeing on and through the Nile. Furthermore, bookworms who have read Agatha Christie’s ‘Death on the Nile’ will definitely look forward to the delights of the river as described in the book. And yes, they won’t be disappointed!
To book a Dahabiya cruise, all you have to do is to log on to internet and make a quick online booking.

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Dividend and Deemed Dividend

Dividend can be defined in many ways but in more common parlance it’s just appropriation of profits. There are quite a lot of statues which define the term dividend but we will focus our attention on dividend distributed by companies. Apparently we have selected the definitions of dividend as per companies Act, 2013 and the Income Tax Act, 1961.

The term ‘dividend’ has been defined under Section 2(35) of the Companies Act, 2013. The term “Dividend” includes any interim dividend. It is an inclusive and not an exhaustive definition. According to the generally accepted definition, “dividend” means the profit of a company, which is not retained in the business and is distributed among the shareholders in proportion to the amount paid-up on the shares held by them. There are two recognized terms of dividend investor per se

Final Dividend which is generally declared at an annual general meeting at a rate not more than what is recommended by the directors in accordance with the articles of association of a company.
Interim dividend which is declared by the Board of directors at any time before the closure of financial year, whereas a final dividend is declared by the members of a company at its annual general meeting if and only if the same has been recommended by the Board of directors of the Company
The Income Tax Act has a wider definition of the term Dividend. However for the sake of brevity we will understand two important clauses only. The term ‘dividend’ has been defined under Section 2(22) of the Income Tax Act, 1961 as

“dividend” includes—

(a) any distribution by a company of accumulated profits, whether capitalized or not, if such distribution entails the release by the company to its shareholders of all or any part of the assets of the company ;

(e) any payment by a company, not being a company in which the public are substantially interested, of any sum (whether as representing a part of the assets of the company or otherwise) made after the 31st day of May, 1987, by way of advance or loan to a shareholder, being a person who is the beneficial owner of shares (not being shares entitled to a fixed rate of dividend whether with or without a right to participate in profits) holding not less than ten per cent of the voting power, or to any concern in which such shareholder is a member or a partner and in which he has a substantial interest (hereafter in this clause referred to as the said concern) or any payment by any such company on behalf, or for the individual benefit, of any such shareholder, to the extent to which the company in either case possesses accumulated profits;

but “dividend” does not include—

(ii) any advance or loan made to a shareholder or the said concern by a company in the ordinary course of its business, where the lending of money is a substantial part of the business of the company ;

On a brief reading one can conclude that clause (a) stated above is the Interim or Final dividend which is quite known to everyone. But IT Act has introduced a deeming fiction for the term dividend by introducing clause (e) to Sec 2(22) which is known as deemed dividend. Not many are familiar with this term. However with growing complexities of the Income Tax Act we felt the need to explain this term as well.

The provision of Deemed Dividend is applicable to a private limited company only. It is applicable when a private limited company makes a payment to

Its beneficiary equity share holder holding 10% or more of voting power. OR
to any concern(Company/Firm/Limited Liability Partnership/Proprietorship businesses) in which such shareholder is a member or a partner and in which he has a substantial interest (which means he holds 20% or more of ownership/income of that concern or 10% or more if it is a company) OR
any payment by any such company on behalf, or for the individual benefit, of any such shareholder, to the extent to which the company in either case possesses accumulated profits

Generally the directors of a private limited company are only its shareholders. Many a times Directors use the companies accumulated profits to pay them as a Loan or advance this resulted in accumulation of huge advances in the names of directors as they were reluctant to pay dividend distribution tax by distributing the profits as dividend. Also there are many personal liabilities of the shareholder directors which are met from company’s funds. In order to curb this practice the Income Tax came up with a provision to tax such distribution of profits as loan or advance or meeting personal liabilities and termed such distribution as deemed dividend.

TAXABILITY

Dividend distributed by companies is exempt u/s 10(34) of the Income Tax Act, however the only condition to claim dividend as exempt income is that the company is required to pay dividend distribution tax u/s 115-O before or on distribution of dividend. It is worthwhile to note that sec 115-O is applicable only to domestic companies and not on Foreign Companies. Therefore dividend received from a foreign Company is always taxable.

Deemed Dividend is not a dividend on which dividend distribution tax u/s 115-O is required to be paid. Hence such dividend is always taxable. However such dividend is taxable only to the extent of accumulated profits of the company. Even if the loan is repaid by the shareholder in the same previous year, the statutory fiction arising at the time of giving loan by the company does not cease to be operative. Such a loan would be taxed as deemed dividend even if repaid in the same previous year. The assessee held 25% shares of the closely held company. The accumulated profits were Rs. 10,000 while the assessee took loan of Rs. 50,000. Here, loan given by the company exceeds the accumulated profits in that case only Rs. 10,000 is taxable as deemed dividend. It is not calculated on percentage of shareholding.

Dividend is classified under Income from other Sources under the heads of Income.
Conclusion

Dividend has always remained as a choice of many long term investors owing to the exemption provided by the Income Tax Act but with the introduction of deemed dividend the government has tried to plug the non propriety use of company’s funds or rather say loopholes of closely held companies to significant extent.

Using an Ice Machine for Shoulders

Ice therapy (cold therapy) is one of the best remedies to treat shoulder pain. You can use an ice machine for shoulder to deliver ice therapy efficiently to your painful joints.

What is an Ice Machine for Shoulder?

An ice machine is a device to deliver ice therapy in an optimal manner. It is made up of components such as a tank, a pump, a healing pad etc. Using an ice machine is a massive improvement on trying to use ice therapy from rudimentary ice packs.

An ice machine for the shoulder is especially designed to use on the shoulder joint. Brands such as IsoComforter make ice machines with healing pads designed for the shoulders. The healing pads deliver ice therapy from all sides rather than just one. IsoComforter healing pads also consist of ridges, which help with optimal skin contact. You can buy sterilized healing pads to use post shoulder surgeries. If there is no risk of infections on the shoulder joint, you can also use non-sterilized healing pads.

IsoComforter also utilizes the patented Iso tube technology to design its ice machines for the most efficient delivery of ice therapy.

Using the Ice Machine

Your doctor will likely recommend a regimen for ice therapy post shoulder surgery or injury. Usually, you need to administer ice therapy 2-3 times a day; for 15-20 minutes at a time.

Using an ice machine doesn’t require too much efforts or work. You just need to fill the tank with water and ice before wrapping the healing pad around the shoulders. Then you can sit comfortably and simply switch on the machine. The cold water will begin to flow to the healing pad via a tube due to the action of the pump. Self-priming pumps in IsoComforter ice machines make operating them even easier. You can even buy portable IsoComforter machines to use on the go; without having to miss your ice therapy healing sessions.

Use of ice machines allows patients to administer ice therapy from the comfort of their homes. You don’t need to stay in the hospital or visit a clinic every day for your ice therapy sessions.

Uses for pain relief –

Use of ice machines is extremely beneficial for patients to post their shoulder replacement surgeries. Ice therapy provides quick relief from pain and helps the patients to regain the range of motions in their shoulder joint sooner than expected. It then helps them to begin their physical therapy without wasting any time.

You can also use ice machines to heal any other kind of shoulder pain. People who need to use machines, small tools, and computers extensively for their everyday work often develop pain in their shoulder joints. They can use ice machines for pain relief and benefit from natural therapy.

Tendons in the shoulders can become sore due to athletic training and intensive workouts. Using an ice machine can help relieve the discomfort.

When you use an ice machine for shoulders, you will not need to excessively rely on pain-reducing pills for your healing.