Tax planning is a term that stands for calculated application of tax laws, so as to effectively manage a person’s taxation. Leading to avail the tax benefits as per the law and in accordance with the interest of the nation and its people.
Indian law offers a variety of tax saving options for the taxpayers, allowing for a large range of options for exemptions and deductions through which you could limit your overall tax output.
This is a way of lowering the liabilities on a registered company. One of the most used methods is by including the deductions on business transport, health insurance of employees, etc. With tax deductions and exemptions provided under the Income Tax Act, 1961, your enterprise can largely reduce its tax burden in a legal way.
Rising profits of an enterprise means higher liabilities of tax. In such a situation, it is important that they dedicate enough time on tax planning that reduces liabilities. With a tax plan, both direct tax and indirect tax is lessened at the time of inflation. Not just this Tax-Planning means a proper planning of:
This is the arrangement of a tax payer’s business or financial dealings, in such a way that complete tax benefit can be availed by legitimate means, so that the amount of the tax is minimal.
Established in the year 2013 in Kerala by Tax Professionals with an aim to provide personalized professional services to startups and Small Enterprises.We provide a complete suite of Taxation, Auditing & Assurance, Accounting, Advisory encompassing Planning, Compliance, Certification, and Representation.