Hey @Jayanth_Reddy1
Welcome to TradingQ&A
Here are some of the threads which have detailed discussion on the topic that you are interested in
More over you will be paying double income taxes and compliance issues.
If your company makes profit it should pay 33% income tax. Net profit if paid as dividend then Company should pay 15% dividend distribution tax.
If you receive salary that is also taxed at your slab rates. Highest is 33%.
You have to appoint company secretary if it is Pvt. ltd. Additional returns to be filed with MCA charges also apply. Need to conduct board meetings and maintain records.
Other licenses fr…
Hey @sachinsp15
The private limited company is assumed to have many tax advantages. There are some industry-specific advantages, but taxes are to be paid at a flat rate of 25% or 30 % on profits (as applicable), also Minimum Alternate Tax (MAT) applies here.
Moreover, To pay taxes on 22% there are so many conditions u/s 115BAA which should be complied and the company cannot claim so many deductions here which are generally allowed.
Furthermore, To incorporate the company having the main objec…
As it is quite a comprehensive topic, I hope you can check the above threads out. If you still have doubts, maybe @Quicko or Mr.Nithin himself might answer it
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