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Advance Tax & Tax Planning

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Advance Tax & Tax Planning

Advance Tax Planning

Advance tax is the amount of income tax that is paid much in advance rather than a lump-sum payment at the year-end. Also known as earn tax, advance tax is to be paid in installments as per the due dates decided by the income tax department.

Advance tax is the payment of income tax in installments during the financial year based on estimated income. This system is designed to ensure a steady inflow of revenue for the government while preventing a large tax burden at the end of the year for taxpayers.

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Fast Executions

Quick turnaround time for all compliance and legal matters, ensuring your business stays ahead of deadlines

Fast Executions

Quick turnaround time for all compliance and legal matters, ensuring your business stays ahead of deadlines

Fast Executions

Quick turnaround time for all compliance and legal matters, ensuring your business stays ahead of deadlines

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A stock represents ownership in a company. When you buy a share of stock, you become a part-owner (shareholder) and may receive a portion of the company’s profits in the form of dividends. A bond is a loan made by an investor to a borrower (usually a company or government). When you buy a bond, you are a creditor who gets repaid the principal plus interest over a specific period.

A credit score is a number that represents a person’s creditworthiness. Lenders use it to predict how likely someone is to repay a loan. A higher credit score makes it easier to get approved for loans, credit cards, or mortgages and often results in lower interest rates. A low credit score can make it difficult to borrow money or lead to higher interest rates.

A journal is the first place where a business records its financial transactions in chronological order. Think of it as a diary of all business activities. A ledger is a collection of accounts (like Cash, Sales, or Rent Expense) where transactions from the journal are posted and categorized. The ledger provides the final balances for all accounts used to prepare financial statements.

Accounts Payable (AP) represents the money a company owes to its suppliers for goods or services purchased on credit. It’s a liability on the balance sheet. Accounts Receivable (AR) is the money a company is owed by its customers for goods or services sold on credit. It’s an asset on the balance sheet.