Equity Linked Savings Scheme (ELSS) ELSS is a type of mutual fund scheme which invests primarily in equities, providing potential for higher returns over the long term. Equity Linked Savings Scheme offers tax benefits under Section 80C of the Income Tax Act, 1961 in India. Features of ELSS: Tax Benefits: ELSS investments qualify for tax… Read More »
New vs Old Tax Regime The new tax regime under the Income Tax Act in India, introduced in the Union Budget 2020-21, offers taxpayers an alternative tax structure with lower tax rates but without various deductions and exemptions available under the old tax regime. New tax regime: 1. Lower Tax Rates: The new tax regime… Read More »
ITR for Mall Owners ITR for Mall owners in India can avail several tax deductions while filing their Income Tax Return (ITR). These deductions help in reducing their taxable income, ultimately leading to a lower tax liability. Three key tax deductions available ITR for mall owners in India are: 1. Property Tax Deduction: Mall… 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 planning and management Distinguishing Between Tax Planning and Tax Management: Tax Planning: Tax planning involves the strategic analysis and decision-making process aimed at minimizing tax liabilities while remaining compliant with tax laws. It focuses on utilizing available tax incentives, deductions, credits, and exemptions to optimize tax outcomes. Key characteristics of tax planning include: For… Read More »
Dividend policy Tax planning with reference to dividend policy involves structuring the payment of dividends in a tax-efficient manner. Here are some key tax planning considerations in relation to dividend policy: Dividend Distribution Tax (DDT): In certain jurisdictions, companies are required to pay DDT on the distribution of dividends. Tax planning can involve… 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 »
Tax planning with reference to nature of business “Tax Optimization Based on Business Nature” Tax planning, with reference to the nature of business, entails the identification and implementation of strategies tailored to the specific characteristics and operations of the business to optimize tax positions. Here’s a fresh perspective on tax planning with respect to… Read More »
Tax professional Website link Tax professional Several professionals can help with tax planning. Here are a few options: Tax Consultants: Tax consultants specialize in tax matters and can provide guidance and advice on tax planning strategies tailored to your specific situation. They can help you identify deductions, credits, and other tax-saving opportunities. For more information… Read More »
