- Certificate of completion - Free
- Exam(s) / assessment(s) is included in price
About Tax Planning 2018
As responsible citizens of our country, we have an obligation towards it that is called Income Tax. In other words, every citizen of the country who earns an income equal to or over a specified amount (as prescribed by the govt.) must pay his tax through a practicing Chartered Accountant or individually, as specified in the Income Tax laws. While most people are sincere towards their tax liability, there are some mischievous ones who are in constant strive for getting away from the obligation. However, this is an immoral act and those who get caught, are liable to the harshest of punishments under the law.
Digital certificate - Included
About Tax Planning 2018
The best option in our view is not to avoid your Income Tax liability altogether; rather minimize it. This act of minimizing your cumulative Tax liability is also called Tax Planning, which we are going to explain in detail later. So, what exactly do we mean by Tax Planning and how can it be exercised for the benefit of a common taxpayer as well as large corporates. Read on and get all your answers here!
Tax Planning 2018 Course Description
Tax planning means to reduce the overall tax liability of a taxpayer through the means of various deductions, exemptions, rebates etc. that have been provided by the IT law. The IT law itself has provided several methods of tax planning exemptions under section 10, deductions u/s 80C to 80U and through various reliefs and rebates. Given below are a few of these provisions:
A word of caution: To avail the full benefits of tax planning strategies 2018 one must resort to only bonafide and legal means which are under the framework of law, in spirit and in a letter.
Yes. Tax planning is required to maximize the inward cash flow and minimize the outward flow. As we know by now, a tax is a kind of cost; and the reduction of cost leads to what? Profit! Thus, every prudent person who wishes to earn greater profits would resort to a tool that can reduce his tax liability; and this is what is called Tax planning.
Always remember to follow these tips before working out your Tax Planning:
Types of Tax Planning 2018:
Tax saving objectives:
These are the primary tax saving objectives of any company:
Tax Planning Strategies is an online course designed and developed by our highly trained and experienced staff especially for those students and professionals who are looking to make a successful career in Income Tax or Chartered Accountancy. This course is also very helpful for these people:
Currently there are no Q&As for this course. Be the first to ask a question.
Currently there are no reviews for this course. Be the first to leave a review.
This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.
Interest free credit agreements provided by Zopa Bank Limited trading as DivideBuy are not regulated by the Financial Conduct Authority and do not fall under the jurisdiction of the Financial Ombudsman Service. Zopa Bank Limited trading as DivideBuy is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, and entered on the Financial Services Register (800542). Zopa Bank Limited (10627575) is incorporated in England & Wales and has its registered office at: 1st Floor, Cottons Centre, Tooley Street, London, SE1 2QG. VAT Number 281765280. DivideBuy's trading address is First Floor, Brunswick Court, Brunswick Street, Newcastle-under-Lyme, ST5 1HH. © Zopa Bank Limited 2024. All rights reserved.