Tax Saving Tips in Private Limited Companies
Ebizfiling
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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File Your ROC Return of Pvt Ltd Company
ROC Filing od Pvt Ltd company