Tax Planning in India

Tax Planning in India

March 11, 2023Posted inAdvance AccountingNo Comments
Tax planning in India refers to the process of organizing one's financial affairs in such a way as to minimize tax liability, while still staying within the limits of the law. It involves identifying tax-saving opportunities and taking advantage of them to reduce the amount of tax that a person or business has to pay.
5. What is Tax Planning and Its Compliance

What is Tax Planning and Its Compliance?

March 10, 2023Posted inAdvance AccountingNo Comments
Tax planning and compliance refers to the process of minimizing tax liability by taking advantage of all available tax laws and regulations. Tax planning is the process of organizing and arranging financial affairs in a way that minimizes tax liability. Tax compliance, on the other hand, is the process of ensuring that all tax laws and regulations are followed correctly and on time.