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(need suggestions )Tax saving on a 50 lac tax lability !

Tax planning 287 views 1 replies

FY 2021-22 is going to end . I am freelancer in digital marketing(working on my own) online , My local CA does not help much on tax saving or tax planning , so I am putting it here . my tax liability is around 50-55 Lacs this year , only 20-30 days left . 

 

If I invest or buy a new business entity for betterment of my current business , will it save me some tax this year ?

or suggestions ? I would like to pay for your consultation if you are interested to help me in this regard .

Replies (1)
Good morning. answering to ques, if u invest in new business or buy a existing entity, it will not help in savings ur tax. because there is no such provisions like that.

couples of questions to u.
1. how did u calculated ur net tax liability?
2. does u regularly maintain books of accounts?


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