Direct tax refers to taxes that are levied directly on individuals or entities based on their income or profits. Here are some key points to consider
Tax Planning
Effective tax planning involves strategies aimed at minimizing tax liabilities within the legal framework. This may include exploring deductions, credits, and tax-efficient investment options
Corporate Tax
orporate tax is applicable to companies and is based on their net profits. Businesses must ensure accurate calculation and proper reporting of their income to comply with tax laws
Income Tax
Income tax is the most common form of direct tax. It is levied on individuals, partnerships, and corporations based on their income levels. Understanding tax brackets, deductions, exemptions, and credits is essential for efficient tax planning and compliance.
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