Middle Class logic and CA

When it comes to money we are very very middle class about it….. and one of the advices from my CA which I definitely don’t follow is to spend money to save taxes. the logic is simple

Money Spent = 100% thus savings = 0%
Tax given = 30% thus savings = 70%

Even a 5 year old will tell you that 70 is more than 0 🙂

Yes – We do follow the cash flow and expenditure planning so that maximum benefits can be derived by timing the expenditure properly.

  • s to spend money to save taxes.
    To be more precise, earn AND spend THROUGH your company/firm’s name (rather than your name), to save taxes! 😀

    • Not the same as what I am talking about… what you are saying is valid and done

      • Tell me more on what you are talking about. I love money talk. 🙂

        • I could tell you but then I will have to kill you 😀

          • Rather die a knowledgable man, than live as a dumb fuck. :p