Showing 1 - 2 of 2
Your RMF and the law: keep all your papers in order
Business, Lawalliance Limited Company, Published on 30/05/2017
» The great economist Adam Smith once outlined four canons of taxation, one of which is certainty, or as he put it: "The tax which each individual is bound to pay ought to be certain and not arbitrary." This means that where the law denotes what tax should be collected from the taxpayer, there should be no interpretation required to expand the scope of the tax to be collected.
Facts to know before claiming ltf and rmf tax benefits
Business, Lawalliance Limited Company, Published on 04/12/2012
» Toward the end of the year, there is always a rush by middle to upper-income earners to invest in Retirement Mutual Funds (RMF) and Long Term Equity Funds (LTF) to obtain the greatest tax savings possible for the current year and, at the same time, to maintain the previous year's tax exemption privilege.