Tax Planning Consultant & Service in India

Both public and private companies registered in India, as per the Income tax Act 1961, need to pay corporate tax. Corporate Tax is the direct tax levied on the net income or profit of the business entity registered in India.

The corporate tax in India is computed on the net revenue/profit of a company after considering necessary additions and deletions as per Income Tax act, 1961. 

Moreover, the corporate tax is levied on the amount left with the company after meeting necessary expenses. There are actually a host of expenses a company goes through when selling their goods or services. Following are the illustrative list of expenses that we can consider primarily,

• Depreciation
• Expenses drawn for administrative purposes
• Total cost of goods or services sold
• Selling expenditures

• Income Tax: The income tax is actually paid by persons from their income other than business entities. There are various rates associated with the different slabs of incomes. Corporate Tax: Income tax levied on companies registered under Companies Act, 2013 is corporate tax. The corporate tax is deducted from the net income of a company. For the purpose of computation of Income tax, various additions and deletions are made from taxable income as per provisions of Income Tax Act, 1961. Taxability of income under different heads of Income Tax Act, 1961 Before calculating the tax rates and how the computation of corporate tax works, we need to know about the classification of Income of the company under different heads. Income Tax Act has classified the company’s income under 4 heads:
  • Income under head Profit from Business or Profession (PGBP): Under this head, income or profit from business/profession is considered.
  • Income under head Capital Gains (CG): Under this head, profit/loss arise on sales of capital assets is taxed..
  • Income under head House Property: Income from renting of immovable property is considered under head House property. 
  • Income under head Other sources: Income not covered under any of the above mentioned head is taxed under Other sources such as interest income, dividend income etc.

• • Authority Changes
  • Technological Incorporation
  • Expansion of business into new sectors
  • Significant Regulatory Adjustment

• • Tax conformity across national, international and under every jurisdiction
  • Income tax accounting
  • Improvement in the workflow and process
  • A proper tax planning strategy
  • Optimization of tax technology
  • Improved tax consultation

• Provide the details of your annual tax accounting statements and accounting analysis related to income taxes
• Minimize the impact of huge income taxes
• Help you to get the adequate data of your tax filings

• Income tax accounting
• Conformance of income tax Act 1961
• Annual tax planning preparation and return policies

• International tax planning provides better tax accounting methods
• An accurate audit support and tax compliance planning