Tax Planning in Guwahati

Tax planning is arranging income, expenses, investments and business structure within the Income Tax Act so that the tax paid is the lowest the law allows. It is done before the year ends, not at filing time. GBA plans it against your actual numbers.

Who it is for

Who needs this?

Salaried individuals choosing between the old and new regime
Families with rental income, investments and dependants
Proprietors considering a partnership firm, LLP or company
Businesses planning capital expenditure, remuneration or a restructuring

The work

What does GBA do?

Project the year and compare tax under each available structure or regime
Recommend deductions, exemptions and timing that are supportable in an assessment
Set a quarterly advance tax schedule so there is no interest at year end
Review the plan every quarter as income changes

What to bring

Current year income estimate and salary structure
List of investments, loans and insurance
Business projections if applicable

Questions

Questions about this service

Direct answers about tax planning from GBA, Guwahati.

What is the difference between tax planning and tax evasion?

Tax planning uses provisions the Act itself provides: deductions, exemptions, choice of regime and legitimate structure. Tax evasion hides income or claims false deductions and is an offence. GBA only advises the first.

When should tax planning start?

At the start of the financial year, in April, and again around December before investments and advance tax fall due. Planning in March or at filing time leaves very few options.

Other services in Tax Advisory & Litigation

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