Engineer Pay Advance Tax Yes, Engineer can pay advance tax, like any other professionals or individuals, may need to pay Advance Tax depending on their income and tax liability. Advance Tax is a system of paying income tax in installments throughout the financial year, rather than paying it all at once during the end… Read More »
Fashion Designer Need to Pay Advance Tax Yes, a fashion designer may need to pay Advance Tax depending on their income and tax liability. Advance Tax is a system in which taxpayers are required to pay their taxes in instalments throughout the financial year, rather than waiting until the end of the year. It… Read More »
Artist Need to Pay Advance Tax Yes, artists may need to pay Advance Tax depending on their projected income for the financial year. Advance Tax is a system in which taxpayers are required to pay their taxes in installments during the year, rather than in a lump sum at the end. This is especially applicable… Read More »
Advance Tax for Lawyer Advance Tax for Lawyer Yes, a lawyer may need to pay Advance Tax depending on their income and tax liability. It is a system in which individuals required to pay their taxes in installments during the financial year itself, rather than making a lump-sum payment at the end of the… Read More »
Architects Need to Pay Advance Tax Architects Need to Pay Advance Tax Yes, architects in India are required to pay Advance Tax if their estimated tax liability for the financial year exceeds Rs 10,000. Advance Tax is a system through which taxpayers are required to pay their income tax liabilities in installments during the financial… Read More »
ITRPenalties for YouTubers Yes, there are ITRPenalties for YouTubers if they fail to file their ITR on time. The penalties are as follows: 1. Late Filing Penalty: If you file your ITR after the due date, you will be liable to pay a late filing fee. The late filing fee is Rs. 5,000 for… Read More »
Capital Gain capital gain Introduction: Tax planning plays a crucial role in managing one’s financial affairs and maximizing after-tax income. which arise from the sale of assets such as stocks, real estate, or businesses, are subject to taxation. However, with effective tax planning strategies, individuals and businesses can optimize their capital gains tax liability… Read More »
Amalgamation of companies Amalgamation of companies “Tax Planning in Company Amalgamations”: Tax planning, within the context of amalgamation of companies, refers to the strategic approach of structuring the transaction in a way that minimizes the tax implications for the participating companies and shareholders. Here’s a unique perspective on tax planning with reference to company amalgamations:… Read More »
Tax efficiency Tax efficiency Taxation Optimization in Capital Structure Decisions”: Tax planning, with reference to capital structure decisions, involves considering the tax implications of different financing options and structuring the capital of a company in a tax-efficient manner. Here’s a fresh perspective on tax planning with respect to capital structure decisions: Tax planning in capital… Read More »
What does tax planning include It involves the strategic management of financial affairs to minimize tax liability within the framework of applicable tax laws. It is a legitimate practice that aims to optimize one’s tax position by utilizing legal provisions, exemptions, deductions, and incentives provided by tax authorities. This typically includes the following aspects:… Read More »
