WebVarious methods of Tax Planning may be classified as follows : 1. Short Term Tax Planning : Short range Tax Planning means the planning thought of and executed at the end of the … WebDec 23, 2024 · Here, we have mentioned some key objectives of tax planning in India: Reduction of tax liability & minimum litigation: Undoubtedly, it is the first and foremost when setting up tax planning objectives. The tax authorities or collectors expect to get maximum tax while an individual tries to save taxes as much as possible for the personal benefit.
Awareness of Tax Planning - A Study with Special Reference to ...
WebJun 27, 2024 · She has discussed tax planning schemes and methods provided by taxation law in India. Tax Planning – Introduction. As we all know, the Government has imposed … WebApr 12, 2024 · Budget 2024 has announced many changes under the Income-tax Act, 1961. These changes have brought forward the tax planning exercise from the end of the financial year to the start of the financial year i.e., in April. Here's why you need to carefully evaluate the two income tax regimes now and how to go about it. how many hours to give tpa
Tax Planning- What is Tax Planning, Benefits, Types - Canara …
WebTax planning is a legal procedure of diminishing tax liabilities by optimally utilizing the tax rebates, deductions, and benefits. It assists the taxpayers in properly planning their … WebFeb 2, 2024 · Precautions in Tax Planning. Successful tax planning techniques should have following attributes:. It should be based on up to date knowledge of tax laws. Assessees … WebApr 10, 2024 · The use of AI, machine learning, and data analytics in the taxation process is a game-changer for India. With ADVAIT, officers can ensure tax compliance, detect tax evasion, and enhance indirect tax revenue. Using big data techniques, data analytics, and AI algorithms, they can identify high-risk cases and visualize the taxpayer’s ... how many hours to go to la