Tax Planning

Why One should do Tax Planning?

Tax Planning can be defined as an arrangement of one’s financial and economic affairs by taking complete legitimate benefits of all deductions, exemptions, allowances, and rebates so that tax liability reduces to a minimum.

Features of Tax planning

• It is Legally Recognized
• It is moral and fair as it is under the Law

Benefits of Tax planning

• Reduction in Tax Liability
• Minimization of Litigation
• Productive Investment
• Reduction in Cost
• Healthy Growth of Economy
• Employment Generation