OBJECTIVES OF TAX PLANNING


Hello Friends, 

My this blog is related to tell you about the  Objectives of Tax Planning. Tax planning is an art and science of evaluating the alternatives and picking the one that maximizing the income but necessarily by minimizing the tax. So the main objectives of Tax Planning are:

  • Reduction of Tax Liability: It is the main objective of an individual to reduce the tax liability.
  • Minimization of Litigation: If there will be proper planning for Tax then it will be possible that the litigation will be minimized.
  • Economic Stability: If a person will make proper tax planning then it will increase per capita income of an individual so the economy will be stabilized and growth of an individual will be possible.

  • Healthy growth of economy: The proper tax planning will be helpful for the healthy growth of the economy and the living capacity of the person will improve.
  • Productive Investment: If the proper tax planning will be done than the investment will be made in the proper field which will help to make the investment productive and it helps for the growth of a individual. 
I hope this will be helpful to you. 

Thanks and Regards 

Kulvinder Kaur
B.Com(H),MBA(Finance)
9871580806,8826566751
rightsteptoinvest@gmail.com

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