In simple words, domestic tax planning is the procedure applied by an individual or entity for legally reducing the portion of their taxes, that otherwise would have been remitted to the government authorities.

In other words, it is a process which ensures that an organization only renders the lowest possible sum of money to the government agencies. The tax planning facilitates an organization to optimize the various exemptions available under prominent statutes and acts.

It is relevant to mention that, the same could be achieved by executing a well prepared strategy, for instance an individual should promptly select correct investment packages for reducing the quantum of Income Tax. An organization planning to set up a new factory can set up at certain locations of the company where it can enjoy various tax benefits.

On the other hand, a business entity can avail the benefits via Insurance policy of staff members, Corporate Social Responsibility, health care programs for employees etc. to save their tax.

Our domestic tax planning and consultancy has a wide network of Chartered Accountants, Advocates, Company Secretaries and MBAs for exploring multifarious dimensions while assisting our Clients in the matter of domestic taxation.