Business Tax Filing

Welcome to Modernmoney, where we specialize in providing comprehensive business tax filing services tailored to meet your needs. With our team of experienced tax professionals, we understand the complexities of tax regulations and strive to ensure that your business remains compliant while maximizing your tax advantages. Whether you’re a small startup, a growing enterprise, or an established corporation, we’re here to streamline your tax filing process, allowing you to focus on what you do best – running your business.
In addition, our Business Tax Filing services are designed to accommodate the unique needs of various industries, including healthcare, finance, technology, and more, and our team is well-versed in the specific tax laws, regulations, and challenges facing your industry, ensuring that you receive personalized guidance, expert advice, and tailored solutions, and with our expertise in Business Tax Filing,.
you can trust that your tax return is accurate, complete, and optimized for maximum refund, and that you’re taking advantage of all available tax savings opportunities, and whether you’re a startup, small business, or large corporation, our Business Tax Filing services are designed to meet your unique needs.
provide personalized attention, and deliver unparalleled results, and by partnering with us, you’ll not only ensure accurate compliance and maximize your refund but also gain a trusted advisor, dedicated to helping you achieve your business goals, and succeed in today’s competitive marketplace.
Requirment
- PAN Card
- Aadhaar Card
- Form 16
- Bank Account details
- Bank Statement
Business Tax Filing
Business tax filing in India requires declaration of income and payment of taxes by companies to the
Income Tax Department. Here is an overview of the basics of business tax:
Types of Business Entities
Different business entities have different tax filing requirements. Here are some common business
entities :
1. Sole proprietorship
2. Partnership firms
3. Limited liability partnerships
4. Private limited companies
5. Public limited companies
STEPS FOR BUSINESS TAX FILING
1. Determine income sources
2. Maintain proper books of accounts
3. Compute gross total income
4. Claim deductions and allowance
5. Calculate taxable income
6. Determine tax liability
TAX RATES FOR DIFFERENT ENTITIES
1. Sole proprietorship: Taxed as individual taxpayers
2. Partnership firms and LLPs : Flat rate of 30% plus surcharge and cess
3. Companies
– Domestic Companies : 25% for turnover upto ₹400 crore; 30% for turnover above ₹400 crore.
– Surcharge, Health and education cess as applicable.
FILING PROCESS
1. Register and Login: Register and log in to the Income Tax Department’s e-filing portal
incometaxindiaefiling.gov.in.
2. Prepare Financial Statements: Prepare the balance sheet, profit and loss statement, and
other relevant documents.
3. Fill the ITR Form: Select and fill the appropriate ITR form.
4. Upload Digital Signature: Upload the digital signature (required for companies).
5. Submit the Return: Submit the return online.
6. Verify the Return: Verify the return using one of the available methods: Aadhaar OTP, EVC,
or sending a signed ITR-V to CPC, Bangalore.
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Modernmoney simplifies legal needs with expert guidance and easy online services, ensuring your business thrives within Indian law.
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