Tax planning for clubbing of income & wealth
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Tax planning for clubbing of income & wealth by Santhanam, R.

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Published by Commercial Pub. House in New Delhi .
Written in English



  • India.


  • Family -- Taxation -- Law and legislation -- India,
  • Income tax -- Law and legislation -- India,
  • Wealth tax -- Law and legislation -- India,
  • Tax planning -- India

Book details:

Edition Notes

Includes index.

Statementby R. Santhanam.
LC ClassificationsLAW
The Physical Object
Paginationlv, 464 p. ;
Number of Pages464
ID Numbers
Open LibraryOL2358796M
LC Control Number86900152

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Personal income tax planning is not just about writing the government a cheque; it can be a deeply involved process that takes months of planning. This careful work can dramatically lower the taxes you owe. Every investment option has a tax implication, and understanding the tradeoffs between each choice is critical to maximizing your returns.   A wealth tax cap limits total taxes to 75% of income. In Spain, as of , a resident is affected by the wealth tax, which ranges from % to % if the value of their worldwide assets is Author: Julia Kagan.   Inclusion of other’s Incomes in the income of the assessee is called Clubbing of Income and the income which is so included is called Deemed Income. It is as per the provisions contained in Sections 60 to 64 of the Income Tax Act. Taxable Income as a Performance Measure 17 CAR Vol. 26 No. 1 (Spring ) of pre-tax book income over five years). We designate firms ranked in the lowest 20 percent of current effective tax rates for each two-digit Standard Industrial Classifica-tion (SIC) industry and year as high tax-planning firms. We define low earnings.