- Joined
- May 11, 2021
- Messages
- 3,157
- Reaction score
- 188
- Points
- 150
- Awards
- 1
- Location
- India
- Website
- thefreedollars.com
- BMF Points
- $243
When any business starts to grow, the net profit also grows along. The more is the net profit, the higher will be the tax charged by the govt. In our country, the tax may go as high as 33% which is really very much considering the amount of it.
Do businesses consider to clear the taxes early? I would say, it is better to do it than later. The tax has to be paid, but when the stipulated time is elapsed for filing return, the interest will start charging upon the taxes. You have to pay extra money and also late penalty for repaying taxes lately. So it is always good to pay taxes early.
Do businesses consider to clear the taxes early? I would say, it is better to do it than later. The tax has to be paid, but when the stipulated time is elapsed for filing return, the interest will start charging upon the taxes. You have to pay extra money and also late penalty for repaying taxes lately. So it is always good to pay taxes early.