At Aftab & Associates, we provide comprehensive corporate tax services to help businesses navigate the complex tax landscape in India. Our team of experienced corporate tax consultants ensures that your business remains compliant with all tax regulations while optimizing your tax position.
As one of the leading corporate tax advisors in Bengaluru, we understand the nuances of Indian tax laws and stay updated with the latest amendments to provide you with accurate and timely advice.
Accurate and timely preparation and filing of corporate tax returns, ensuring compliance with tax regulations.
Strategic tax planning to help your business minimize tax liability through legal methods and maximize savings.
Ensuring compliance with all tax regulations and deadlines to avoid penalties and legal issues.
Assistance with tax assessments, scrutiny, and representation before tax authorities.
With Aftab & Associates, you get more than just tax filing services. Our approach is comprehensive and tailored to your specific business needs:
The corporate tax rate in India varies depending on the type and size of the company. Domestic companies can opt for a concessional tax rate of 22% (effective rate of 25.17% including surcharge and cess) if they forgo certain deductions and incentives. New manufacturing companies can opt for a concessional rate of 15% (effective rate of 17.16%). Companies that do not opt for these concessional rates are taxed at 30% (effective rate varying based on income level). Our corporate tax consultants can help you determine the most beneficial tax structure for your business.
Businesses in India can claim various deductions including depreciation on assets, business expenses, research and development expenses, employee welfare expenses, and certain donations. However, companies opting for the concessional tax rates must forgo most of these deductions. Our tax planning services help you identify and maximize eligible deductions to reduce your tax liability.
Transfer Pricing refers to the pricing of goods, services, and intellectual property between related entities or associated enterprises. In India, businesses with international transactions with associated enterprises must comply with Transfer Pricing regulations, which require these transactions to be at arm's length prices. Non-compliance can result in adjustments to taxable income and penalties. Our corporate tax services in Bengaluru include Transfer Pricing compliance and documentation.
Tax Audit is mandatory for businesses with turnover exceeding ₹1 crore (₹5 crore if cash receipts and payments are less than 5% of total receipts and payments). It involves examination of books of accounts and verification of tax compliance by a chartered accountant. The auditor issues a report in Form 3CA/3CB along with Form 3CD, which must be filed with the income tax return. Our tax audit services ensure comprehensive and timely completion of tax audits.
Businesses can minimize their tax liability legally through various strategies including choosing the right business structure, opting for the most beneficial tax regime, maximizing eligible deductions, proper tax planning for capital expenditures, and efficient management of advance tax payments. Our corporate tax advisors can help you develop a comprehensive tax strategy tailored to your business needs.
Explore our comprehensive range of professional services:
Expert assistance with income tax filing, planning, and compliance for individuals and businesses.
Learn MoreComprehensive audit services ensuring compliance and providing valuable business insights.
Learn MoreAccurate and efficient bookkeeping services to maintain your financial records.
Learn MoreComplete GST compliance, registration, filing, and advisory services for businesses.
Learn MoreExpert guidance on corporate legal matters, compliance, and regulatory requirements.
Learn MorePersonalized tax planning and filing services for individuals to optimize tax positions.
Learn MoreSpecialized tax solutions for corporations to ensure compliance and minimize tax liability.
Learn MoreComprehensive internal audit services to improve operational efficiency and risk management.
Learn MoreContact Aftab & Associates today for professional corporate tax services tailored to your business needs. Our team of experienced corporate tax consultants in Bengaluru is ready to help you navigate the complexities of tax regulations.
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