The Department of Commerce at Milagres College, Mangaluru, conducted an enlightening and highly practical session titled “How to Save 100% Tax” on 24th May 2025, from 9:15 AM to 10:15 AM, exclusively for final-year B.Com students.
The session was led by Mr. Pius Pinto, a former Army personnel and a well-known Tax Advisor and Liability Transfer Expert based in Mangaluru. Mr. Pinto brought his vast experience and expertise to the forum, offering students deep insights into tax-saving strategies relevant to young professionals and aspiring entrepreneurs.
He elaborated on the practical aspects of tax planning using real-world examples from Private Limited Companies, Partnership Firms, and LLPs (Limited Liability Partnerships). One of the key highlights of the talk was his demonstration of how individuals working in these business entities can legally save up to 100% of their income tax through strategic and legitimate financial planning.
Beyond income tax, Mr. Pinto also addressed asset protection mechanisms, providing guidance on how individuals can safeguard their properties and investments from legal claims, creditors, banks, court attachments, and actions under the National Company Law Tribunal (NCLT).
The event saw active participation from 88 final-year B.Com students, who engaged enthusiastically with the speaker. The interactive Q&A session showcased the students’ keen interest in financial literacy and their desire to make informed decisions as they embark on their professional journeys.
This insightful session proved to be a valuable educational experience, equipping students with essential knowledge in tax planning and financial security skills critical for success in today’s complex economic landscape.