Tax Saving Tips in Private Limited Companies

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1. Claim Business Expenses

Deduct rent, utilities, salaries, and other expenses to reduce taxable income.

2. Utilize Depreciation Benefits

Claim depreciation on assets like machinery and equipment to lower taxable profits.

3. Invest in Tax Saving Instruments

Use deductions under Section 80C for EPF, LIC, and other eligible investments.

4. Apply for Startup Tax Benefits

If eligible, register under the Startup India Scheme for tax exemptions.

5. Optimize Salary Structure

Give allowances like HRA, LTA, and reimbursements to reduce taxable salary.

6. Use Deductions Under Section 80G

Donate to registered charities and claim tax deductions on contributions.

7. Carry Forward Business Losses

Offset previous losses against future profits to reduce tax liability.

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