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What is tax planning?

What is tax planning?

Posted by Mehul Kothari | Published on 01 Jan 2019   share 





As an honest citizen of the COUNTRY, it is your duty to pay your taxes. However, every investor is looking to save as much tax as possible. This can be made possible through tax saving investments. The need of tax planning is absolutely necessary to save a substantial amount of your finances. This is because taxes can eat a big chunk of your total investment returns every year. THEREFORE, through proper tax planning, you can create a strategy that allows you to minimise your tax liability every year.

What is tax planning?

Tax planning is a process of analysing and evaluating an individual’s financial profile. The aim of this activity is to minimise the amount of taxes you pay on your personal income. In short, employing ways that the government has provided to save tax is a PERFECTLY legal method to cut down your annual tax liability. There are a number of tax saving investments in India that are USEFUL in saving money.

Explanation:

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re are THREE key characteristics of tax PLANNING—investing to reduce taxes; planning your finances in such a way that you attract the LEAST amount of tax, and the process of tax filing. As a RESULT, tax planning affects all aspects of your money MATTERS.

ong>EXPLANATION:

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There are several reasons such as inadequacy of judges and courts, vexatious litigations, multiple adjournments, and many more causes. Adjournments (which account for more than 50%) have been a major cause for delay in JUDICIAL proceedings which is CAUSED not only by lawyers but also by judges to a certain extent.

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ong>Answer:

Planning gives more POWER over the future. Planning is DECIDING in advance what to do, how to do it, when to do it, and who should do it. This bridges the gap from where the organization is to where it wants to be. The planning function involves establishing GOALS and arranging them in LOGICAL order

Explanation:

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ong>ANSWER:

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ong>ANSWER:

Function of GROUP COMMUNICATION

The term "group communication" REFERS to the messages that are exchanged by group members.

Explanation:

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ong>Answer:

B) A new product NEEDS ideas, DEVELOPMENTS, CONCEPTS and IMPROVEMENTS.

ong>ANSWER:

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ong>Answer:

Physical DISTRIBUTION includes all the activities associated with the supply of finished product at every step, from the production line to the consumers. Important physical distribution functions include CUSTOMER service, ORDER PROCESSING, inventory control, transportation and logistics, and packaging and materials

BRAINLIST ANSWER

rong>Rational functions are expressed as the ratio between two polynomials. This MEANS that rational functions are quotients or the answer derived from dividing one POLYNOMIAL function by ANOTHER. Many people THINK that Algebra has no place or application in real life. ... This may include rational functions.

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ong>Answer:

which form of public SECTOR ENTERPRISE. state its any two features and any two merits.maharashtra pharmaceuticals ltd, registered under the companies act, 1956, was started with a PAID up capital of rs 50,00,000. 40% of this paid up capital is in the hands of private individuals and balance is held by the GOVERNMENT of maharashtra. maharashtra pharmaceuticals ltd belongs

ong>ANSWER:

There are THREE modes of communication (or the way communication is EXPRESSED): interpersonal, interpretive, and presentational. Interpersonal communication is two-way communication GOING both ways between individuals, with both being able to evaluate and respond through conversation.

Explanation:

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Lines of latitude are called parallels. Maps are often marked with parallels and meridians, creating a GRID. The point in the grid where parallels and meridians intersect is called a coordinate. COORDINATES can be used to locate any point on Earth.

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basic elements of a supply chain INCLUDE all the functions that start with receiving an order to meeting the customer's request. These functions include product development, MARKETING, operations, distribution NETWORKS, finance, and customer service.

ong>Answer:

What are the COMPONENTS of your supply chain you should be focusing on right now?

INTEGRATION. Integration starts at your STRATEGIC planning phase and is critical throughout your communications and INFORMATION SHARING and data analysis and storage. ...

OPERATIONS. ...

PURCHASING. ...

DISTRIBUTION.

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ong>Answer:

First limitation is the LACK of personal touch with the MANUFACTURER company of the product.

Second limitation is that the GOODS may be FAKE and not of the same company or quality.

Third limitation is that the goods can be defective.

By planning and making decisions AROUND the MERCHANDISE you stock, you're able to meet the needs of your CUSTOMERS. More than that, by choosing the right merchandise, you are also able to meet any financial targets you set.

All the above classified accounts have two golden rules of accounting each, one RELATED to Debit and one related to Credit for recording the transactions. Personal Accounts: Debit the Receiver and Credit the GIVER. ... Nominal Accounts: Debit all expenses and LOSSES and credit all income, REVENUE and gains

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If you want to convert Rupees into Dollars for carrying it in cash, then you can use among options such as CONVERTING through BANKS, Western Union, THOMAS cook, and others like them. In addition, there are also many forex EXCHANGE dealers/agents that can convert your Rupees into Dollars.

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(D)

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c) INFORMATION and PROMOTION

ong>EXPLANATION:

(A) REPAIRS CREDITOR

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your ANSWER

All of these.

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Explanation:

(D) Continuous IMPROVEMENT

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both a and B...........

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EXPLANATION:

co- operations

C. Customer Power

Explanation:

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profession

Explanation:

it means indian adminstrative srvices in which POSTS like DEPUTY commissioner are CREATED

ong>Answer:

An OVERDRAFT is an extension of credit from a lending INSTITUTION that is granted when an account reaches zero. ... Basically, an overdraft means that the bank ALLOWS customers to borrow a set amount of money.

Explanation:

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(D) All of these is the RIGHT answer

ong>Answer:

(A) marketing is the right answer

Explanation:

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c

Explanation:

1980s.

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ong>Answer:

Scientific Management Theory

Explanation:

American mechanical engineer Frederick Taylor, who was one of the earliest management theorists, pioneered the scientific management theory. He and his associates were among the first individuals to study work performance SCIENTIFICALLY. Taylor’s philosophy emphasized the FACT that forcing people to work hard wasn’t the best way to optimize results. Instead, Taylor recommended simplifying tasks so as to increase productivity.

The strategy was a bit DIFFERENT from how businesses were conducted beforehand. Initially, a factory executive enjoyed minimal, if any, contact with his employees. There was absolutely no way of standardizing workplace rules and the only motivation of the employees was job security.

According to Taylor, money was the key incentive for working, which is why he DEVELOPED the “fair day’s wages for a fair day’s work” CONCEPT. Since then, the scientific management theory has been practiced worldwide. The resulting collaboration between employees and employers evolved into the teamwork that people now enjoy.

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ong>Explanation:

Management theories are concepts SURROUNDING recommended management strategies, which may include tools such as frameworks and GUIDELINES that can be implemented in modern ORGANIZATIONS. Generally, professionals will not rely solely on one management theory alone, but instead, introduce several concepts from different management theories that best suit their workforce and company culture.

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2) (C) PRINCIPAL of contribution

3) ( C) recevier