A Study on Income Tax Planning and compliance at JKKM & Co, Hyderabad (KEY IJP************849)

• Borra Durga Bhavani

Abstract

Abstract:This study explores income tax planning and compliance at JKKM & CO, a prominent audit firm in Hyderabad. The research aims to identify the strategies and practices employed by the firm to optimize tax planning and ensure compliance with prevailing tax laws. Through a comprehensive survey and in-depth interviews with tax professionals and clients, the study examines the effectiveness of tax planning methods, the role of technology in compliance, and the challenges faced in adhering to regulatory requirements. The findings highlight the importance of proactive tax strategies, the integration of digital tools, and the necessity for continuous professional development to navigate the evolving tax landscape. The study concludes with recommendations to enhance tax planning and compliance mechanisms, thereby contributing to the firm's overall financial efficiency and regulatory adherence Key Words: Income Tax Planning, Tax Compliance, Audit Firm, Strategies Practices, Tax Laws, Tax Professionals, Clients, Effectiveness, Tax Planning Methods