Smart Tax Planning for Business-Class Individuals

If you earn from business, freelancing, consulting, or e-commerce, tax planning can save you thousands of rupees each year. Here's how:

✅ Claim Allowable Business Expenses

Rent, phone bills, fuel, salaries — if documented, all reduce your taxable income.

✅ Maintain a Profit & Loss Sheet

This helps avoid over-taxation and audit risk.

✅ Separate Personal and Business Accounts

Makes reconciliation easy and reduces audit stress.

✅ File Your Return on Time

Filing late or skipping returns can cost you in penalties, audits, and future business roadblocks.