Build your professional network on facebook via our app Go to app
 
 
Posted in Community :

Investment Hub

 
Created by : Karthikeyan P S, Associate, ABN Amro  | 01 25 2009 19:31:52 +0000
Industry : Equity Research/AnalyticsFunctional Area : Success Stories(Entrepreneurship)
Keywords : tax rebate
Activity:  259 views;  last activity : 07 06 2010 20:18:09 +0000

Is charity a method for tax rebate for companies?

 
Share
 
 
  Rate : 
 
 
Yes Vs No
3
 
 
 
 
2
2
1
Support   Support
Top Argument
1
0

I think many of the firms do it for this purpose. People feel freat as to big companies as Microsoft is giving charities for amny social cause organization but who knows whether this is actually or for tax rebates.


By Karthikeyan P S, Associate, ABN Amro  01 25 2009 19:31:52 +0000
 
0
0

It is way out from payment of income tax, sustantial profit making companies choose this as a tax saving proceedure. Normally charitable trusts are availed Section 80G benifit of Income Tax Act, any fund transfer fron taxable organisations will be benifited by tranfering taxable funds.


By RAMANATHA PRABHU N, Chartered Accountant  | 11 07 2009 05:47:57 +0000
0
0

I do not think that quoting that example was a great idea, these firms do pay their taxes on time and as well doing this work.


By Prateek Kacker, Sr. Associate,bulls Research  | 01 25 2009 19:33:57 +0000
 
Viewers also viewed
Gujarat government has sharply reduced tax on aeroplane fuel for flights operating within the...
 
2026 referals 13 arguments, 277 views
Culture of YES vs Culture of NO
 
0 referals 3 arguments, 296 views
All the existing private sector insurance companies are into losses and the losses are...
 
69 referals 62 arguments, 2578 views
more...  
Recent Knowledge (3)
WE HAD A GOOD NUMBER OF INVENTORS WITH GREATER VISION ABOUT THE SOCIETY. INVENTORS HERE NEED NOT...
 
2 referals 2 arguments, 97 views
MNC's should take in more freshers vs Do not take freshers
 
1 referals 2 arguments, 161 views
more...  
More From Author
The issue which aggregates to Rs 500 crore has the option to retain over-subscription up to Rs 500 crore for issuance of additional NCDS, aggregating to Rs 1,000 crore. The NCDS come with four investment options namely., a) Quarterly interest...
I would support Sukumar's argumenmt and say that yes this is definately the right time to buy stocks. Now they are affordable and they will definately grow up as the time passes. Stock market gives good much better returns to patient investors as it...
The inflation has hit upto the extent that RBI has reduced CRR almost upto 30% but the reduction in tax is only 2% this clearly tells that the money did not reach the customers is again with the govt.
more...