What should be the 1st financial year of a newly incorporated Company?

“Financial Year"

For any company or body corporate: 
means the period ending on the 31st day of March every year.....

15%* Corporate Tax...Read on to understand which Companies are eligible

Analysis of Sec. 115BAB

Section 115BAB prescribes for 15% tax rate for a domestic company that is incorporated after 1st Oct, 2019 & is solely engaged in the manufacturing or production of any article or thing and is commencing manufacturing ...

Did you know that if you pay a salary to even one individual, you need Professional Tax Registration

The term 'Professional Tax' may be one of those that does not fully reflect the true sense of the term. Contrary to what the name implies, it is not a levy imposed only on professionals. It is a levy on all occupations, industries, and jobs that is charged depending on the wages earned by such occupation, trade, or employment. It is imposed on workers and others doing business in the state. It is levied on employees, a person carrying on the business including freelancers, professionals, etc., subject to income exceeding..........

Do I Always Need To Get My Books Of Accounts Audited?

Audit as its name suggests is an inspection of the books of accounts and making a report by an independent auditor. Every entrepreneur while operating its business has to always keep in mind the audit of the books of accounts for its business or profession. Audit of the books of accounts is governed by the laws under which books of accounts are required to be maintained ......

Should you file income tax return if your income is not taxable

Every individual, who is an Indian citizen and whose gross total income exceeds the taxable limit in a financial year, is required to file Income Tax Return ....

Do I Always Need To Maintain Books Of Accounts?

Each and every entrepreneur, once he/she starts their business or profession, should always keep in mind .....