Tax Management
Get a free consultation call
Need help with your finances? Connect with us for a FREE 30 minute consultation call!
Plan smart and reduce tax liability
Taxes help a country grow but without the right tools and planning in place, taxes can drain out your income. Not paying them is not an option either. That’s when tax planning comes to play. Smart tax planning minimizes tax liability and increases your after tax income
How do we reduce tax liability?
- Identifying personal financial goals
- Evaluating your wealth and lifestyle
- Suggesting catered tax exemption avenues
- Creating short range and long term tax plans
- Planning taxes to ensure economic stability
- Using law abiding tactics to save taxes
Tax planning is a crucial aspect of your financial growth. When you save smart, you can contribute to the country’s economy while making sure you have enough for your personal goals. At Advents we carefully consider your personal goals and suggest tax saving schemes accordingly
Reduce Liabilities
As experts, we always suggest methods approved by Indian Taxation Laws. This keeps you safe from shady practices, thereby reducing liabilities
Increase Profits
Our tax planning techniques help you increase profits in the long run. We consider your financial goals and create a rounded tax plan designed to increase profits
Frequently asked questions
There ae 4 types of tax planning:
Short Range Tax Planning – This refers to annual tax planning made to achieve limited goals
Long Term Tax Planning – Long term planning refers to the planning done at the beginning of the year by the tax payer. It may not bring back immediate returns but will become substantial in a few years or decades
Permissive Tax Planning – Permissive tax planning is the process of getting benefits, reductions, and concessions by adapting provisions made by Section 10, Section 10(1), and other taxation laws
Purposive Tax Planning – Purposive tax planning is similar to permissive tax planning in the sense that they are both law abiding. However, it method is focused more on maximising after tax returns
Each of these methods are used to address different problems and provide rounded financial growth to the tax payer
When tax planning is done right, you can reduce your tax burden at the end of the financial year by using government approved tax saving methods
Planning taxes with Government approved techniques is imperative to reduce liabilities. With an expert on your side, you can rest assured that all the methods suggested to you will increase your after tax income without adapting shady practices
Yes. Tax planning is 100% legal. However, an inexperienced planner may use unethical methods to reduce taxes which may get you in trouble with the law later. Hence, getting a proper tax planning strategy from an expert is a must
Taxes can be a major conflict between the one who receives taxes and one who pays it. The former wants to receive maximum revenue from the later. Tax planning reduces tax burden and encourages citizens to pay the reduced tax amount on time. As long as you are abiding the law, it is not unethical
There is a thin line between tax avoidance and tax evasion. Tax avoidance is the process of making a concrete plan to reduce tax burden and tax evasion is the process of purposely not paying taxes. While Tax Avoidance is absolutely legal, tax evasion is not
Advents has a team of experts who are aware of updated Indian Tax Laws. We use our education to create catered tax saving plans so that you can reach your financial goals faster
Be Smart With Taxes. Hire Advents
TESTIMONIALS
what people say about us
