What is Tax Planning??
Tax planning is the analysis of financial planning or situation to ensure that all the elements work together to allow you to pay the lowest prices. Understanding what is tax planning is the most important part of financial planning.
It is a process where one analyzes his financial situation according to tax efficiency. Tax planning means a reduction of tax liabilities as per the exemptions, deductions, and benefits.
What are the types of tax planning??
Different aspects of tax planning are broadly classified:
Why should you do tax planning??
Tax planning diminishes tax liability by saving the maximum amount of tax by arranging their financial operations according to tax decisions. One of the biggest benefits of tax planning is that the return can be directed to investments.
Advantages of Tax Planning:
BTHAWK is the platform that can give your complete accounting solutions for your compliance complications.
The leading GST billing software gives you many services like accounting, compliance, invoice generation, ITR filing, audit, etc.
Ease your accounts with us!