What Are Different Types Of Tax Planning? Tax planning involves analyzing the financial condition of your business so you can lower your tax liability. It is a vital part of any financial plan for families, or firms. Tax planning services help to lessen the amount of tax your business pays. Here are the main types of tax planning:Purposive tax planning:- It implies intellectually applying tax laws to avail the tax benefits bases on state priorities. Permissive tax planning:- It refers to the strategies that are under different provisions of the law. Long range and Short range tax planning:- Short-range tax planning refers to the planning made annually to satisfy limited. Long-term tax planning is done at starting of the income year to be followed.
What Are Different Types Of Tax Planning?
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