Related Questions

Which of the following components are true about tax planning?
1. Tax planning is the process of analyzing a financial plan or a situation from a tax perspective.
2. The objective of tax planning is to make sure there is tax efficiency. With the help of tax planning, one can ensure that all elements of a financial plan can function together with maximum tax-efficiency.
3. Reducing tax liability and increasing the ability to make contributions towards retirement plans are critical for success.
4. Tax planning comprises various considerations such as size, the timing of income, timing of purchases, and planning are concerned with other kinds of expenditures.
5. The chosen investments and the various retirement plans should go hand-in-hand with the tax filing status as well as the deductions in order to create the best possible outcome.
Every registered taxable person shall be entitled to take credit of input tax in his return and such input tax credit shall be credited to
Input Tax credit as credited in Electronic Credit ledger can be utilized for
A word arrangement machine, When given an input line of words, rearranges it in every step following a certain rule. Following is an illustration of an input line of words and various steps of rearrangement.
Input: gone are take enough brought station
Step 1: take gone are enough brought station
Step 2: take are gone enough brought station
Step 3: take are station gone enough brought
Step 4: take are station brought gone enough
And Step 4 is the last step for this input. Now, find out an appropriate step in the following question following the above rule. Question:
Input: car on star quick demand fat
What will be the third step for this input ?
The sumof the pre-tax costs of items A ans item B is Tk. 300. In dhaka, each item would be charged a flat 7% tax. In Rangpur item A is subject to 5% tax and item b is subject to 10% tax. If the tax in Rangpur on the purchase of both items is exactly Tk 3 more than it is in Dhaka, than what is the pre - tax price of item A?
At the beginning of the month, the accounts receivable subsidiary ledger showed balances for Anchor Company Tk 5,000 and Best Company Tk 7,000. During the month, credit sales were made to Anchor Tk 6,000, Best Tk 4,500, and Zen Tk 8,500. Cash was collected on account from Best Tk 11,500 and Zen Tk 3,000. At the end of the month, the Accounts Receivable account of Best Company in the general ledger should have a balance of -
An advocate who is accused-
1. Of a criminal offence is entitled to conduct his own defence
2. Of a criminal offence is not entitled to conduct his own defence
3. With others of a criminal offence is not entitled to appear at the trial as counsel for his co-accused
4. With others of a criminal offence is entitled to appear at the trial as counsel for his co-accused
Consider the given statements as true and decide which of the given conclusions can definitely be drawn from the given statements. Statements : People think that paying tax to the government is a burden and waste. Hence, they avoid paying tax or don't pay tax promptly. Conclusions : 1. Government should create awareness among the people that paying tax helps to build nation. 2. Tax should be increased so that more money is collected.
Statement (I): If the tax liability has been reduced within the legal framework, it is tax planning.
Statement (II): If tax liability has been reduced to get benefit of deduction available under the income tax, it is called tax evasion.
In the context of the above two statements, which one of the following is correct?
Marginal income tax rate is 35% and before tax rate of return is 12.5% then after tax rate of return is