16 July 2014
IF MR . X EARN RS. 500000 AND IF MR. Y EARN 800000 THEN MR. Y PAID TAX MORE THAN MR.X , Y SUCH THING NOT HAPPENED IN CASE OF COMPANY. WHAT IS REASON BEHIND THAT
16 July 2014
cos profits may vary and there may be losses also and if there are more tax rate for some industry and less for some other industry then people will do business in only less tax rate industyr as they will save taxes.
16 July 2014
IF EVERY PERSON THINKING SAME THEN EVERY COMPANY DOING SAME BUSINESS HAVING LOWER TAX RATE THEN OVER ALL SELLER INCREASE ACCORDINGLY PROFIT DECREASE NOW FOLLOWING MAY CONSEQUENCE :
FOR DECREASE MY TAX LIABILITY I LOSS SO MANY OTHER INCOME CAN WE DO SO ?
16 July 2014
even if profit decreases still there wil be lower tax and still people may go for this and if they are willing to pay higher tax and earn other income then its their personal choice..................
CAclubindia
