Tax Planning is a vast, interesting and complex subject. If done well, it can help plan an individual’s, and their businesses’ wealth, estate & business successions, all through effective strategies.

Individuals

Individuals

In India, individuals have differing tax rates, implications and exemptions. Just like, for salaried individuals the tax saving strategies are less compared to self-employed individuals. But with proper planning and a little discipline, there are some interesting options available. By adding structure to the plans of both salaried individuals and those with businesses, these taxpayers can avail tax deductions and help increase their income benefits.

For protection of assets and income provided for streamlined cash flows to differently abled children, there are separate options like creation of trust, letter of Intent, preparation of cash flow planning and financial analysis, etc. They can also claim income tax deduction benefits from the Government.

Differently-abled children

Differently-abled children

Business Owners & HNIs

Business Owners & HNIs

For business owners, business succession is a high priority task. Protection of their income, personal assets from creditors and passing on the family heirloom are important considerations for them. Succession Planning plays an important role for key business owners as are concerns like, what needs to be done to ensure continuity of business, continuity of management and protecting human capital.

Similarly, for HNIs passing on wealth to the next generation requires careful planning.

For NRIs, place of residence and source of income, play a vital role in tax planning and Cross Border Strategies become an important tool to understand the tax status, residency and source of income for taxation. DTAA must be studied between both countries in order to reduce double taxation.

NRI

NRI

Other Services

International Investing