Full Tax Compliance. Complete Peace of mind.
Extensive support to identify tax risks, tax opportunities, tax savings and tax compliances. For successful businesses and professionals like you, to help you grow, expand and nurture your work.
We understand your needs as a successful business, being in the same boat as you. This elite plan for businesses and professionals offers the most comprehensive documentation and corporate tax risk prevention methodologies available. We even help you prepare your Balance sheet and P&L statements.
This plan caters to the special requirements of:
Companies turning over up to Rupees 250 crore in a year will be subject to corporate tax at a rate of 25% of net profit after applying cash or non-cash expenses and depreciation. This is as per the Union Budget proposed income tax slab for domestic companies in 2018.
To this calculated corporate tax amount is added a Health and Education Cess @ 4% for all categories of tax assessees.
According to the Income Tax Act, 1961, companies or businesses or professions have the following
sources of income:
The income calculated is adjusted as per section 79, set off and carry forward of losses are deducted and total gross income is determined. Deductions under Chapter VI-A are made from the total gross income to arrive at net income. The computed value of net income is chargeable to income tax.
Section 115-O of the Income Tax Act governs the tax law related to Dividend Distribution Tax. This is levied in addition to the tax on income. The current rate of DDT is 15%. Surcharge @ 12% and HEC @ 4% is also applicable on DDT.
LTCG tax on holdings worth over Rupees 1 lakh on equity shares or equity oriented mutual funds is charged at the rate of 10% without indexation. Current LTCG holders get relief from capital gains tax till January 31, 2018.
Minimum Alternative Tax or MAT: Applicable to companies whose determined tax liabilities under Section 115JA are less than 18.5% of book profits.
For enquiries, call us on
Any Queries?
Request a Call from Us