Medi Assist Healthcare IPO

Explore
Open Demat Account Login
Finance Wiki
Trending Categories
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
#

Taxes

Abuse of law

is called the Substance Over Form Principle.

The Substance Over Form Principle is a fundamental concept in finance that allows tax authorities to disregard a taxpayer's use of a legal structure that lacks commercial legitimacy. This doctrine recognizes that the true economic substance of a transaction should take precedence over its legal form. In other words, tax authorities can look beyond the legal structure of a transaction and focus on its actual economic impact in determining the appropriate tax treatment. This principle serves to prevent taxpayers from using legal loopholes to avoid paying their fair share of taxes. By understanding and applying the Substance Over Form Principle, finance professionals can ensure that tax policies are enforced in a fair and equitable manner.

Explore other categories
All terms & concepts related to financial contracts whose value is based on an underlying asset,
Learn More
IPO
All terms and concepts related to the process in which a private company offers its shares to the pu
Learn More
Legal contracts that represent financial value, such as stocks, bonds, options, futures, and various
Learn More
All terms and concepts related to stocks, also known as equities, which represent ownership shares i
Learn More
All terms related to various types of organizations or individuals, like investors, banks, insurers,
Learn More
All terms and concepts related to the process of saving and investing to ensure financial security a
Learn More
A comprehensive resource containing definitions and explanations of terms, concepts, and jargon used
Learn More
All terms related to the basic goods used in commerce that are interchangeable with other goods of t
Learn More
All terms and concepts related to insurance, which is a financial arrangement that provides protecti
Learn More
All terms and concepts related to mutual funds, which are investment vehicles that pool funds from m
Learn More
Enjoy Zero Brokerage On Stock Investments
Send App Link