TAX PLANNING
WE BELIEVE IN RIGHTS
Tax planning plays a vital role in Tax efficiency. It is the process of analyzing a situation and financial plan from the perspective of tax. You need tax planning to ensure that all the financial needs are met, and all the financial plan functions work together, ensuring maximum tax efficiency. It is essential to reduce taxes and increase wealth from a savings perspective.
Tax planning is critical as every individual who falls under the TT bracket has to pay taxes. So, it is essential to plan your taxes for financial growth. With tax planning, one can streamline their tax payments and receive a considerable return over some time with minimum risks.
​
What are the types of Tax Planning?
​
1. Permissive Tax Planning- This type of Tax planning comes under the law framework.
​
2. Purposive Tax Planning- This comes with a specific agenda or purpose.
​
3. Long Range/Short Range Tax Planning- This type of tax planning is executed at the end and beginning of a fiscal year.