tax planning characteristics with details ??
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What is tax planning?
What is tax planning?
Posted by Mehul Kothari | Published on 01 Jan 2019 share


As an honest citizen of the country, it is your duty to pay your taxes. However, every investor is looking to save as much tax as possible. This can be made possible through tax saving investments. The need of tax planning is absolutely necessary to save a substantial amount of your finances. This is because taxes can eat a big chunk of your total investment returns every year. Therefore, through proper tax planning, you can create a strategy that allows you to minimise your tax liability every year.
What is tax planning?
Tax planning is a process of analysing and evaluating an individual’s financial profile. The aim of this activity is to minimise the amount of taxes you pay on your personal income. In short, employing ways that the government has provided to save tax is a perfectly legal method to cut down your annual tax liability. There are a number of tax saving investments in India that are useful in saving money.
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