TaxTMI 
TaxTMI 
TaxTMI 
Maximization of PAT - Not avoiding Tax
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....aximization of PAT - Not avoiding Tax<br> Query (Issue) Started By: - DEV KUMAR KOTHARI Dated:- 10-1-2009 Last Reply Date:- 22-2-2011 Income Tax<br>Got 1 Reply<br>Income Tax<br>MAXIMIZATION OF PAT SHO....
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....UDL NOT BE CONSIDDERED AS AVOIDANCE OF TAX.STT is a convenient way of collection of more revenue.Lower rate of taxorexemption is allwoed when STT is paid. A change in fiscal polciy by government neces....
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....siate change in policy of tax payers. Tax payer is free to adopt such policies, which results into lower taxes. In view of levy of STT, if a person changes policy to hold shares as investment instead ....
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....of stock or vice versa as it may suit to him, then such change in policy or accounting system should not be viewed with suspiciion or doubt.Such decisions or change in policy should be willingly accep....
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....ted by the revenue authorities as bonafide commercial decision becasue aim of any investor or trader is not to avoid tax but to maximize his PAT. Reply By Rama Krishana: The Reply: You may be right ....
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....is saying that an assessee may be kept free to decide the nature of his investment be it stock in trade or invertment. But, it has to decide at one stage of possession, if he change his stand at his c....
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....onviniency, it may lead to another probolem, like carry forward / brought forward of losses, adjustment, etc. etc.<br> Discussion Forum - Knowledge Sharing ....