📢 Taxation for Private Limited Companies in India – Key Rules & Rates 💼📊 by Return Filings Via Flickr:
Understanding corporate taxation is crucial for compliance and strategic tax planning.
✅ Corporate Tax Rates
25% – Domestic companies with turnover ≤ ₹400 crore
30% – Other companies (Surcharge & cess apply as per slabs)
📌 Minimum Alternate Tax (MAT)
15% on book profits (Sec. 115JB) if exemptions/deductions reduce taxable income.
MAT credit carry forward: 15 years
💡 Available Tax Deductions & Exemptions
Sec. 80JJAA – Employment generation benefits.
Sec. 35 – R&D expenditure.
Sec. 10AA – SEZ incentives.
Sec. 80-IAC – 3-year tax holiday for DPIIT-registered startups
📆 Compliance Essentials
Advance Tax: Quarterly installments if liability > ₹10,000/year
TDS: Deduct & deposit on salaries, professional fees, contractor payments.
ITR Filing: Use Form ITR-6 by Oct 31 (if audit required).
Tax audit mandatory if turnover > ₹1 crore, plus transfer pricing compliance for cross-border deals
🔍 Pro Tip: Keep records organized, pay taxes on time, and leverage deductions to reduce overall corporate tax burden.
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