Smart Succession Planning That Protects Your Wealth and Reduces Taxes

Succession planning is more than deciding who will take over your business or manage your wealth. It is about ensuring a smooth, efficient, and sustainable transfer of assets. Without proper planning, successions can lead to high tax burdens, liquidity challenges, and even family disputes. Tax-efficient succession planning helps avoid these issues by creating a well-structured approach that safeguards your wealth, ensures a seamless transition, and…

Strengthening ITC Claims through Accurate Documentation

Input Tax Credit (ITC) is a key feature of India’s Goods and Services Tax (GST) system. It enables registered taxpayers to reduce their tax liability by claiming credit for the GST paid on purchases or expenses incurred in the course of business. To claim ITC lawfully and accurately, specific conditions must be met and proper documentation must be maintained. A registered person, including an Input…