Tax planning is a crucial strategy to optimize your financial position while ensuring compliance with Indian tax laws. At Avyud Consultancy, we offer expert tax planning services to help individuals and businesses minimize tax liabilities through legitimate exemptions, deductions, and rebates. Our professionals provide tailored solutions that align with your financial goals, ensuring maximum tax efficiency while avoiding any risk of tax evasion. Whether it’s income tax, corporate tax, or GST planning, we guide you through smart financial structuring to enhance savings and profitability. Stay ahead with proactive tax strategies—partner with Avyud Consultancy for hassle-free tax planning solutions.
Tax Planning Services in Purnia, Bihar
Contact Us for Tax Planning Services in Purnea
Advantages of TAX Planning Services
Avyud Consultancy Tax gives counsel that is custom fitted to meet your particular business needs and objectives. We enable you to prepare.
Our business is to keep you notified of authoritative advancements and consistence prerequisites to guarantee your business keeps running without pointless diversions.
Your Avyud Consultancy Tax counselor will:
- Ensure you comprehend the assessment outcomes of business choices
- Work with you on your short and long haul objectives
- Stay up to date with tax collection advancements as they influence your business
- Recognize zones for potential funds crosswise over immediate and backhanded charges
- Limit business and individual assessment
- Control progression and home arranging
- Attempt year end charge arranging.
As taxation affects every corner of your business, it’s important to plan well. Our team can assist in all aspects of tax planning so that you can minimise the tax impact on your business, while meeting compliance and reporting requirements.
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Tax Planning and Management Support
Our Tax Planning and Management Support
Tax assessment administration is a key part of each business, and staying up with the latest and meet consistence prerequisites in this undeniably complex territory requires an accomplice who comprehends the legitimate necessities and the requirements of your business.
Our commitment to continuing professional education means we keep up to date in the complex area of taxation so that we can provide sound advice and solutions to our clients.
At Avyud Consultancy we believe that appropriate periodical reviews of your tax situation offer you an opportunity to take a step back and consider the past year and plan for the next.
With many years of experience in taxation, Avyud Consultancy is well placed to provide support for your business in all aspects of tax management.
As in every aspect of our work, we always aim to go beyond compliance to provide a complete service to our clients.
Avyud Consultancy Taxation Services Include
- Taxation planning, to project income and tax liabilities, meet compliance requirements, and minimise tax obligations
- Advice on the most appropriate structure for a business
- Detailed advice on income tax, GST, capital gains, land tax, fringe benefits tax and payroll tax
- Due diligence reviews of acquisition targets
- Preparation of general purpose and special purpose financial reports
- Tax consolidations
- International tax planning, including superannuation issues and resident/non-resident tax status advice for people entering or leaving Australia
- Preparation and lodgement of tax returns
Being members of the Chartered Accountants Institute of Australia and New Zealand, we seek to comply with appropriate quality standards. In particular we provide clients with a document that states:
- the responsibility for the accuracy and completeness of the particulars and information provided by a Client rests with the Client;
- any advice given to the Client is only an opinion based on our knowledge of the Client’s particular circumstances; and
- a taxpayer has obligations under self-assessment to keep full and proper records in order to facilitate the preparation of accurate returns.
Why Choose Us for Tax Planning Services
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FAQs for Tax Planning Services
What is Tax Planning?
Taxes can eat into your annual income. To counter this, tax planning in any financial year is a legitimate way to reduce your tax liabilities. It helps you make use of the tax exemptions, deductions, and benefits offered by the authorities in the best possible way to reduce your liability.
How to Save Tax?
Taxpayers are provided with several options to reduce their tax liabilities. Various sections of the Indian Income Tax Act provide for tax deductions and exemptions, of which Section 80C is the most popular tax-saving avenue. For example, deposits in Public Provident Fund, five year bank depositors, National Savings Certificates, investments in ELSS schemes.
When do I have to Pay Taxes on My Income?
Taxes on income can be finalized only on completion of the previous year. However, to enable the regular flow of funds and ease the process of collection of taxes, the Income Tax Act has provisions for advance payment of taxes during the year of self-earning or before the completion of the previous year. It is also known as Pay Your Earn Concept.
Taxes are collected by the government through the following channels:
Voluntary payment by taxpayers to various designated banks like advance tax, self-assessment tax, etc.
- Tax deducted at source
- Tax collected at source
- Equalization levy
How to Round Off The Tax Liability?
As per section 288B, tax payable by the taxpayer or tax refundable to the taxpayer shall be rounded off to the nearest multiple of ten, following points should be kept in mind while rounding off the tax :
- First any part of rupee consisting of any paisa should be ignored.
- After ignoring paisa, if such amount is not a multiples of ten, and the last figure in that amount is five or more, the amount shall be increased to the next higher amount which is a multiple of ten and if the last figure is less than five, the amount shall be reduced to the next lower amount which is a multiple of ten; and the amount so rounded off shall be deemed to be the tax payable by the taxpayer or refundable to the taxpayer.
What is Gross Total Income?
Total income of a taxpayer from all the heads of income (as discussed in previous FAQ) is referred to as Gross Total Income.
What Will be Considered as My Income?
What is done after the income is earned by you will not give you tax exemption. However, contribution to approved institutions will give you the benefit of deduction from taxable income under section 80G subject to limits specified therein.
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