If you have a business today, whatever be the size, it is taxable under Indian Law. You have to understand and follow the Corporate Taxation Laws in a time-bound manner. Get personalized assistance for Income Tax Filing from our professional Tax advisors at FinDynamics.
This is a direct tax that has to be charged or levied on the profit achieved from the corporate business. So, whether you have a domestic or foreign business and have an office in India, it will have to follow the Income Tax Regulations in India.
Profit earned on the sale of company asset
Income earned after expenses
Renting out company property
Interest, Royalties, Award money, etc
Fresh enterprises, new firms, startups, and small-scale industries all fall under this category. With the Made in India initiative boosting more business in India, our Corporate tax services India will help you set your financial records in place, as that helps keep expenses, liabilities on the tab.
A company that is registered as a resident company in India will have to file taxes based on its income earned from its national offices and even International offices (outside India). They need to maintain accounts and file the necessary records showing the income made in the proposed financial year.
Tax filing services in India is applicable to overseas companies if a non-resident company has established its branch in India. In this case, any income that they have received within Indian grounds will be deemed to be taxable in the supposed financial year.
