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Page A-269
4. Purposive Tax Planning
Purposive tax planning is carried out with a specific financial objective, such as buying a house, securing retirement income, or funding a child’s education. The idea is to align tax-saving measures with broader financial goals to achieve both immediate and future benefits. For instance, investing in a pension plan not only offers tax deductions but also ensures a stable income post-retirement. This method promotes a disciplined and goal-oriented approach to financial management.
Page A-496
4. Purposive Tax Planning
Purposive tax planning is carried out with a specific financial objective, such as buying a house, securing retirement income, or funding a child’s education. The idea is to align tax-saving measures with broader financial goals to achieve both immediate and future benefits. For instance, investing in a pension plan not only offers tax deductions but also ensures a stable income post-retirement. This method promotes a disciplined and goal-oriented approach to financial management.