Tax Planning in India is an application to reduce tax liability through the finest use of all accessible allowances, exclusions, deductions, exemptions, etc to trim down income and/or capital profits.
Salaried individuals in India are not fully aware of the tax planning exercise which is why they rush at the end of the tax-planning season and make investments to reduce their tax liability. This has negative effect on tax payable by them and they eventually end up paying more taxes than they are required to.
Business tax planning services in India are provided for companies and organizations as well as corporate professionals. Normally, as part of these services, the clients are assigned chartered accountants on an exclusive basis.
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