What do you mean by INCOME TAX PLANNING & MANAGEMENT and how is it done?
Menu
Planning and Management
Replies (2)
Dear Harsiddhi,
Tax Management is wide term & it includes Tax Planning, all compliances,etc
Tax Planning means Reducing ur Income Tax Liabilty by availing the benefits given by law..
Practices which reduces tax liability by exploiting loopholes in law(but not contravening the provisions) is known as Tax Avoidance..
Practices which reduces tax liability by contravening the provisions in Law is known as Tax Evasion..
Can u elaborate pls?
Recent Topics :
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
Related Topics :
CAclubindia
