06 October 2015
the second one. cost decreases profit increases - by cost reduction technique, we reduces the cost it increases the profit. Every business men whats to know the actual profit of a business but he also want to pay less tax (increased profit will make him to pay high tax). know what he must do weather to use cost reduction technique or not to find the cost of a product?
06 October 2015
The mind set of paying LESS tax has gone by far now. People are paying the legitimate taxes. "30 rupees to be shelled out to GOI for every 100 rupee profit" is not well digested by the companies. The small timers may still try to EVADE tax but not the big timers. The derivative function is very simple... for every rupee earned, 30% goes to GOI and 70% remains with company. Accordingly the call has to be taken. Because GOI is earning 30%, are you ready to give up your 70%?
CAclubindia
