Sunday, October 15, 2006

Consulting With A Tax Advisor

Consulting With A Tax Advisor

Taxation or paying taxes is something mandated by law, and more or less proves to be an ordeal every citizen faces once a year, usually at the end of the financial year. Sometimes, the entire process can be a nightmare literally. The pain one has to go through to get everything cleared in time is simply nerve wrenching. For an individual with a small and single source income, things can be easier as there won’t be much complexity associated with the tax calculation. But tax calculations assume daunting proportions when incomes as well as income sources increase; diverse and complex tax rules come into play, making the computation process cumbersome.

The fact that filing tax returns has a legal tinge to it further reduces the breathing space. Any fault – deliberate or involuntary – can invite strict penalties ranging from...

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