Tag Archives: #InvestmentInsights

What is the difference between Tax planning and Tax management?

    User Intent Many individuals and businesses struggle to understand the difference between tax planning and tax management. While both aim to optimize tax liabilities, they serve distinct purposes. This article will clarify the key differences, applications, benefits, and limitations of tax planning and tax management. Introduction Taxes are an inevitable part of financial… Read More »

What are tax planning strategies?

Tax planning strategies Tax planning strategies involve various techniques and approaches to legally minimize tax liabilities and optimize a taxpayer’s financial situation. Here are some common tax planning strategies:  Income Deferral: Delaying the receipt of income to a later tax year, such as deferring bonuses or income from investments, can help lower your taxable income… Read More »

What is a tax exemption?

What is a tax exemption?   A tax exemption refers to the exclusion of certain income, investments, or expenses from being subject to taxes. Governments grant tax exemptions to encourage specific activities or provide benefits to particular groups of taxpayers. For instance, in India, under Section 80TTA of the Income Tax Act, the interest earned… Read More »