As the financial year draws to a close, businesses have a window of opportunity to optimize their tax positions through strategic planning. This guide outlines key strategies that can help reduce your tax burden while maintaining full compliance.
Direct Tax Strategies
- Accelerate deductible expenses before year-end
- Review and optimize depreciation claims
- Evaluate capital gains harvesting opportunities
- Maximize deductions under Section 80
GST Optimization
Review your input tax credit claims, ensure all reconciliations are complete, and file any pending returns to avoid interest and penalties.
