Tax remittance and availing loan

From the desk of Mrs. Baby Abraham . . . . . .

      Tax remittance and availing loan

First  we pay the tax according to the tax slab.

 After remitting 30 % tax, there is not much left for the lower middle income to start a small business or factory. Then they apply for the bank loan which is a long tedious process and by the time the money is in hand the parties who were enthusiastic about the venture might have got other offers and they leave. Again the struggle to bring together the proficient partners .

If  tax is  comparatively less, that leaves a sufficient bank account to start a new venture as soon as the conditions are favourable  and the seasons are relevant . In short , either we pay tax and then take loan or straight away begin our factories or business. The long queues are avoided, the paper work is less, the officials are not put to extra work.

Delay in starting does not occur ..
Once more industrial ventures are started, more production,  more sale, more income, more tax will be remitted in larger volume . Opportunity to venture into more areas get free access and excellent  performance .

   ************************************************