How many of you sales guys out there will be able to sell a useless product to a BUSINESSMAN just because it is tax deductible?
Not too many I guess….
Now let me give you 3 options.
1. Register your business as a ‘business of buying and selling shares’ and start filing IT returns. This INCOME will get added to your salary income (of course if you make a loss, it will be deducted from your income).
2. Borrow money at 10.5% p.a. and buy an asset which appreciates at 8% p.a. for 20 years.
3. Ask your boss for a Rs. 200,000 cut in salary
All of them have the same impact on your tax, YOU will pay less.
Awesome strategies all 3.
Completely wrong, that is all.
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