answersLogoWhite

0


Best Answer

Tax management helps an individual or organization to plan their finances and able to pay tax.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is tax management illustrate its importance and necessity?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is tax management?

what is tax managementTax management means, the management of finances, for the purpose of paying tax.


What is the difference between tax planning and tax management?

1.tax planning is a wider term and tax management is narrow term which is a part of tax planning. 2.tax planning emphasizes on tax minimization whereas, tax management is compliance of legal formalities . 3.every person does not requires tax planning but tax management is essential for everyone. 4.tax planning is about future benefits and tax management is about present benefits.


What do you mean tax position management?

What do you mean what do I mean tax position management.


What is tax planning and tax management?

minimization of taxes


How much is 59.99 plus tax?

Depends on the tax rate. But to illustrate, if the tax is 5%, then 59.99 plus 5%tax = 59.99 + (59.99x0.05) = 62.99. If the tax is 12%, then 59.99 plus 12%tax = 59.99 + (59.99x.12) = 67.19


Which group felt school was not a necessity and tax dollars should not be spent on them?

Southern Democrats.


What do you mean by tax management?

Tax management is a reviving wheel , which translates the policy in terms of result.Tax management is the first step towards tax planning.tax management relates to past,pressent and future.In respect of appeals,revision,rectification of mistakesetc. It deals with past.


What is the meaning of tax management?

Every assessee liable to pay tax needs to manage his/her taxes. Tax management relates to management of finances for payment of tax, assessing the advance tax liability to pay tax in time. Tax management has nothing to do with planning to save tax it is just related with operational aspect of payment of tax i.e. while managing his taxes a person ensures that he/she is making timely payment of taxes without running out of the money and he is complying with all the provisions of the law


Define sin taxes and give examples?

A sin tax is a tax on certain items like alcohol and cigarettes, which are regarded as not a necessity or luxuries.


How does management accounting differ from cost accounting?

Management accounting includes both financial and cost accounting, tax planning and tax accounting. Cost accounting, on the other hand, does not include financial accounting, tax planning and tax accounting.


Tax planning and tax management example?

risks and return budgeting and decisions eterpretating the rules of observers


What has the author Ross McGill written?

Ross McGill has written: 'Investment withholding tax' -- subject(s): Taxation, Portfolio management, Withholding tax, Investments 'Technology Management in Financial Services (Finance and Capital Markets)' 'International Withholding Tax'