09-12-2007, 10:43 PM
Dear Zia,
Hiding or making over of some illegal transaction remains un-ethical by all means unless there is some legal way out.
So much happens every where, which we see in practical life.
However, being un-ethical, I cannot explain how to hide or make over such transactions. Still, if something is disallowed by taxation laws as admissible expense, it cannot be totally declared as unethical or illegal. Of course so many laws are conflicting and over rule each other in so many issues. Either such payment is made by cross banking channel or by money market, the transaction remains genuine, bonafide, verifiable and for the purpose of the business of the entity. However, taxation laws do not allow deduction in respect of such expenses against business income.
I cannot advise anything which may motivate evasion of tax or non-compliance with any applicable law. I pay tax on all taxable sources of my income and do not hide even a penny. If we have to make our nation prosperous, we have to do it.
Irrespective of whatever basis one may develope to negate it, but my concept is very much clear on this issue.
However, keep on seeing whatever happens all around, and you will learn so much.
Best regards,
Kamran.
Hiding or making over of some illegal transaction remains un-ethical by all means unless there is some legal way out.
So much happens every where, which we see in practical life.
However, being un-ethical, I cannot explain how to hide or make over such transactions. Still, if something is disallowed by taxation laws as admissible expense, it cannot be totally declared as unethical or illegal. Of course so many laws are conflicting and over rule each other in so many issues. Either such payment is made by cross banking channel or by money market, the transaction remains genuine, bonafide, verifiable and for the purpose of the business of the entity. However, taxation laws do not allow deduction in respect of such expenses against business income.
I cannot advise anything which may motivate evasion of tax or non-compliance with any applicable law. I pay tax on all taxable sources of my income and do not hide even a penny. If we have to make our nation prosperous, we have to do it.
Irrespective of whatever basis one may develope to negate it, but my concept is very much clear on this issue.
However, keep on seeing whatever happens all around, and you will learn so much.
Best regards,
Kamran.
