Tax planning is a practice performed to meet your tax obligations in an organized manner having in mind your current financial status. Further, it incorporates the financial plan after considering all the factors like your age, financial goals, risk appetite, and investment horizon.
Tax is a kind of fee charged by the government on a product, service, or income. It is an obligatory payment made by citizens to the government. So, you can aim to lower your tax liability and protect the hard-earned money.
But many times, taxpayers to save tax make investments without being aware of the financial product and end up investing in inefficient tax saving instruments.
Therefore, tax planning activity is important in the same way you plan for your other financial goals, to commence your “tax planning” exercise well in advance and complement this with your overall investment planning exercise.
By opting for this method of “tax-planning”, you can ensure long-term wealth creation and also protect your capital. It will enable you to save more through tax planning and fulfill many of your dreams in life.
This course will help you to get a better understanding of every concept of Tax planning along with different ways. After this course, you will be able to plan your tax or save your tax on your own and keeping all the provisions into consideration.