Direct Taxation

Direct Taxation

Planning for Income Taxes - Direct Taxation

Making the most of tax exemptions and benefits each fiscal year and lowering one’s tax obligations are two benefits of tax planning. A crucial component of financial planning is tax planning. PPF accounts, national saving certificates, term deposits, and mutual funds are the most widely used tax-saving planning strategies.

75
marketing analysis
65
business innovation
90
finance strategy

We are Always Ready to Assist Our Clients

developing Money Making processes and procedures

How Is Tax Planning Beneficial?

  • Reduces litigation: Since tax collectors are constantly attempting to get more money from taxpayers, disputes between them are frequent. Consequently, reducing litigation can reduce legal responsibilities.
  • Lowers tax obligations: A number of investment plans that lower tax obligations are provided by the Income Tax Act of 1961. By taking advantage of these programs, one can lower their tax liability and save money for the future.
  • Economic stability: The advancement of a nation is financed by taxes. Therefore, effective tax planning and implementation can result in the influx of white money, which will be advantageous to both the nation and its people
“I cannot give you the formula for success, but I can give you the formula for failure. It is: Try to please everybody.” david oswald

Tax Planning Types

  • Short-range Tax Planning: This approach considers and implements tax planning at the conclusion of a fiscal year. This strategy aims to lower tax burden by selecting the optimal investment plan.
  • Long-term Tax Planning: This approach involves tax planning at the start of every fiscal year. Long-term tax planning may not yield immediate tax savings, but it can yield long-term benefits.
  • Permissive Tax Planning: Under Indian tax regulations, this type of planning enables the taxpayer to take advantage of a number of advantages, deductions, and concessions.
  • Purposive tax planning: This approach necessitates a goal in order to maximize investment returns.
Services
Contacts
Visit Us

HEAD OFFICE -
Dalhousie, Beside Kolkata G.P.O, Kolkata - 700001

BRANCH OFFICE -
101/F/3 G.T.Road(West) Mallickpara, Serampore

Have Any Questions?

+91-9230630841

Mail Us

help@moneymakingmc.com

Other Services

General Insurance

Asset insurance, particularly financial asset insurance, is covered under general insurance. Planning for general insurance safeguards your funds in case of emergencies. What Makes General

Explore More
Mutual Fund

Financial instruments known as mutual funds make investments in a variety of securities. Stocks, bonds, money market instruments, gold, silver, and real estate investment trusts (REITs)...

Explore More
PMS

A professional fund manager oversees an investment portfolio of stocks, fixed income, debt, cash, and other securities that may be customized to achieve particular investment goals.

Explore More
AIF

Privately pooled investment funds are known as alternative investment funds, or AIF for short. The Securities Exchange Board of India (SEBI) has classified them into three categories...

Explore More
ARE YOU HAVING ANY

MONEY MAKING QUERIES?

This is your opportunity to schedule a private consultation with one of our knowledgeable
wealth managers if you need professional assistance with your money-making issues.

BOOK EXPERT CONSULTATION

A Few Frequently Asked Questions

What is income tax?

It is a tax that the Indian government imposes on everyone's income.

Who is responsible for paying taxes?

Everyone is expected to cover the cost.

How is income tax collected by the government?

The government collects taxes in three ways:

i. Taxpayers voluntarily deposit money into approved banks.
ii. Taxes withheld from the recipient's income (TDS)
iil. Source-based tax collection

What is my income tax liability?

The internet offers a number of free online tax calculators. The finance act, which was passed by the parliament, contains the rates for both corporation and income taxes.