Chat With Us

Corporate Tax in India

Reduce the tax burden on your firm. Pay corporate tax in India on time, that too in just a few clicks through Credfy.

Corporate Tax in India

A corporation is a company that is separate from its shareholders legally. Both domestic and foreign businesses are required to pay corporate tax in India under the Income-tax Act. In order to calculate the corporate tax in India the companies are further categorised as domestic and foreign companies. The domestic companies are registered under the Indian Companies Act. It involves any company that has its entire business and management in India.

Benefits of Corporate Tax in India

  • Corporate tax in India is a crucial component of every tax system, particularly in developing nations with few other sources of income. Due to the relatively high corporate taxes, substantial sums of money are raised for public projects
  • Perhaps most significantly, personal income taxes are primarily protected by corporate tax in India. Rich people increasingly shift their profits from the personal tax bracket to corporate tax in India as the income tax rates for companies are less when compared to the personal tax rates
  • Companies all across the world are supported by unused, uninvested capital deposits totaling trillions of dollars. They are like a string; cutting their taxes won't increase expenditure or output. Some claim that corporate tax in India are a crucial democratic check on excessive corporate power.

Checklist for Corporate Tax

  • Account balance for year-end transactions
  • Specify If this is your first year submitting corporate tax in India
  • Address of the business corporation, business number, name of the business corporation, number, and date of incorporation
  • Name and share percentages of the shareholders main product or service of the business
  • Phone number and name of the president or director
  • Previous years' corporation tax returns if available

Customer Testimonials

“ Credfy have been a huge help to our business since we have worked with them. They are a really friendly and professional team and always quick to respond. Thank You. ”

Kumkum Nanda

Product Manager

“ Credfy payroll and bookkeeping services have helped massively during our first 2 years business. Without their monthly support, we would not nearly be as efficient.”

Sanjay Singh

C.E.O, Yugal India Pvt. ltd

About Us Privacy Policy Terms & Conditions Disclaimer Career
Financial & Legal Services
Banking Services
Start A Business
Trademark & Copyright
GOVT REGISTRATION
Our Valuable Services
Credfy.in: Legal Information for Indian businesses

Credfy.in has been a one-stop solution for any business or entrepreneur looking for a lawyer, chartered accountant or company secretary. We have been particularly instrumental in ensuring startups are fully compliant with India`s labyrinthine legal system. Over the past five years, the depth of our offerings, connection with reliable professionals, affordable prices and customer satisfaction has made us the largest online facilitator of legal services in India. We have already served over 120,000 customers and have a steadily growing network of over 1000 professionals from all the major cities (particularly the metros of Mumbai, Bangalore, Chennai, Delhi and Kolkata) on our online platform. In 2016, we launched Libra, a law practice management software, for legal professionals across India.

Starting a Business

Many founders are confused about what kind of entity to register when they start their business. Should it be a private limited company,limited liability partnership , partnership firm, one person company or a sole proprietorship. Each of these has very specific advantages and disadvantages. There is no one type for all businesses. A private limited company registration, for example, would be a good fit for any venture that will look for funding at a later stage. You can contact Credfy.in for all the advice you need. We assure you of great service at a reasonable price. You can find a company name availability here.

Intellectual Property

In modern business, there is no other asset as valuable as intellectual property, and yet so many startups end up neglecting it. But this is surely not advisable, as trademarks, copyrights and patents ensure that you have sole rights to your creation, be it your brand, your designs or your inventions. At Credfy.in, we are well equipped to handle all your IP requirements. We facilitate trademark applications in just three days,copyright registration for all your software, pictures, audio and video content, and can connect you to patent attorneys to conduct a patent search and file your patent applications. You can find a Trademark availability here.

Government Registrations

In India, you need a license for everything in business. Started a manufacturing business? You need aGST Registration and a Trade License. For a food business, you need an FSSAI license. Have employees? You need a Professional Tax registration and Shops & Establishments Act Registration. If that`s not enough, you also need to file GST Returns and Professional Tax Returns.

Legal Documentation

The worst way to approach business is to just get into new partnerships and arenas without examining consequences. By getting a lawyer to draft contracts or agreements with new vendors, employees and investors, you`re ensuring that you have all the downsides covered. At Credfy.in, we connect you to lawyers who will deliver complex documents, fromshareholders agreements and founders` agreements to terms of service/privacy policy and non-disclosure agreements, at a reasonable cost in a few days` time. Well-known startups, such as Holachef and Big Basket, have chosen to connect with a lawyer through us for their documentation work.

Mandatory Compliance

It`s not enough to have started a private limited company or an LLP. You need to comply with all the requirements of the Ministry of Corporate Affairs and Income Tax Act once you do. You need to inform them of every relevant change you make, whether it is adding a director, removing a partner or increasing authorised share capital. You also need to file annual returns and maintain your accounts. In the case of a private limited company, you even need them audited. At Credfy.in, we facilitate all these services completely online. Which means you can engage a professional on retainer for the year and we`ll ensure that all the formalities are completed for you while you focus on your business.

Libra for Lawyers

The legal fraternity in India comprises largely independent lawyers and small law firms with under five partners. Such practices have a difficult time managing their practices efficiently. Our law practice management software Libra is, therefore, a game-changer, as it will enable lawyers to single-handedly manage their practice. It gives them 24-hour access (on mobile and desktop) to their clients, cases, schedule, bill payments and even nation-wide judgements.Software for lawyer`s offices will have a huge impact on any area of the practice.

© Credfy. 2024 AVC Dotfy LLp. All Rights Reserved.