Corporate Tax in India
What is Corporate Tax?
- Tax on Profits: Charged on net taxable income after expenses.
- Advance Tax: Companies need to pay advance tax in installments throughout the year.
- Tax Filing: Companies must file annual income tax returns within prescribed deadlines.
Important Compliance for Corporate Tax
✅ Maintaining proper books of accounts
✅ Filing of Income Tax Returns (ITR-6 for companies)
✅ Payment of advance tax and self-assessment tax
✅ Tax audit as per Section 44AB, if applicable
✅ Compliance with Transfer Pricing regulations (for international transactions)
Corporate Tax
Corporate Tax is the tax levied by the government on the income or profits earned by companies and corporate entities in India. It is a critical component of the country’s tax system and contributes significantly to government revenue.
At Aadesh Kumar & Associates, we provide expert guidance and services related to corporate tax planning, compliance, and filing to help businesses stay compliant and optimize their tax liabilities.
Corporate Tax is the tax levied by the government on the income or profits earned by companies and corporate entities in India. It is a critical component of the country’s tax system and contributes significantly to government revenue.
At Aadesh Kumar & Associates, we provide expert guidance and services related to corporate tax planning, compliance, and filing to help businesses stay compliant and optimize their tax liabilities.
FAQs – Corporate Tax in India
Q. When is the corporate tax return filing deadline?
Usually, it is 30th September of the assessment year.
Q. What is Minimum Alternate Tax (MAT)?
MAT is the minimum tax a company must pay if its tax liability under normal provisions is less than 15% of book profits.
Q. Are dividends taxable at the company level?
No, since 2020, dividends are taxable only in the hands of shareholders.
