Tax planning is the process of analysing a financial plan or a situation from a tax perspective. With tax planning, a business will be able to streamline its tax payments such that he it will receive considerable returns over a specific period of time involving minimum risk.
Tax planning is the process of arranging your affairs in a way that reduces your tax exposure and liability, legally. Various incentives are offered to the taxpayers, especially in sectors where the government wants to boost growth.
Frequently Asked Questions
Why tax planning is important?
Minimise tax burden