The general strategies in tax planning that I have learned from a seminar years ago are as follows:
1. Timing of Income and deduction
2. Shifting of Income
3. Conversion of Income
4. Allocation of Deductions
5. Selecting the appropriate accounting methods
6. Use of excess Tax Credit
7. Monitoring of Input Tax
1. Timing of Income and deduction
2. Shifting of Income
3. Conversion of Income
4. Allocation of Deductions
5. Selecting the appropriate accounting methods
6. Use of excess Tax Credit
7. Monitoring of Input Tax
