Tag Archives: #TaxCodeDecoded

Is tax planning legal or illegal?

Tax Planning

Is Tax Planning Legal or Illegal Tax planning is a crucial part of managing personal and business finances, but questions often arise about its legality. In this brief blog, we’ll clarify whether tax planning is legal or illegal and explain why it matters. What is Tax Planning? Tax planning involves arranging one’s financial affairs to… Read More »

What is the difference between statutory audit and tax audit?

Risk Management

Statutory Audit and Tax Audit    Tax audit and Statutory audit are two distinct types of audits conducted for different purposes. Statutory audit Statutory audit aims to verify a company’s financial statements to ensure they present a true and fair view of its financial position. It is a legal requirement under the Companies Act, 2013,… Read More »