Corporate Tax Filing Made Easy in Bhiwadi can be a challenging task for businesses in Bhiwadi. With changing tax regulations, compliance requirements, and deadlines, companies need a well-planned approach to avoid penalties and optimize tax savings.
Whether you’re a startup, small business, or large enterprise, understanding the corporate tax filing process is essential. In this guide, we’ll simplify the process and show you how GTS Consultant can help you with professional tax solutions.
Understanding Corporate Tax in Bhiwadi
Corporate tax is levied on the net income of businesses operating in India. The applicable tax rate depends on the company’s structure:
- Domestic Companies – Taxed at 22% (under new tax regime) or 30% (under old tax regime).
- Foreign Companies – Taxed at 40% of their Indian income.
- Startups & MSMEs – Eligible for special tax benefits and exemptions.
Companies must also comply with:
- Goods and Services Tax (GST)
- Tax Deducted at Source (TDS) filings
- Advance Tax Payments
- Annual Income Tax Returns (ITR)
Step-by-Step Guide to Corporate Tax Filing in Bhiwadi
Step 1: Maintain Proper Financial Records
Accurate bookkeeping is crucial. Maintain records of:
- Business income and expenses
- Employee salaries and deductions
- Investments and assets
- GST payments and input tax credit
Step 2: Calculate Advance Tax
Companies with a tax liability of over ₹10,000 must pay advance tax in four installments:
- June 15 – 15%
- September 15 – 45%
- December 15 – 75%
- March 15 – 100%
Step 3: File GST Returns
Businesses with annual turnover above ₹40 lakh (₹20 lakh for services) must file GST returns monthly or quarterly.
Step 4: Claim Deductions & Exemptions
Businesses can reduce their taxable income by claiming:
- Depreciation on assets under Section 32
- Business expenses under Section 37(1)
- Deductions on Research & Development (R&D)
- Startup Tax Exemptions (for eligible startups)
Step 5: File Corporate Income Tax Returns (ITR-6)
Most businesses in Bhiwadi must file ITR-6, unless they are exempt under Section 11. The deadline for corporate tax filing is October 31 every year.
Why Choose GTS Consultant for Corporate Tax Filing?
At GTS Consultant, we simplify tax filing for businesses with expert services, including:
- Corporate Tax Filing & Compliance
- GST Registration & Return Filing
- Advance Tax Planning & Optimization
- TDS Filing & Payroll Management
- Audit & Financial Advisory
With 12+ years of experience, we help businesses in Bhiwadi avoid penalties and maximize tax benefits.
Conclusion
Corporate tax filing in Bhiwadi can be complex, but with proper planning and expert guidance, businesses can stay compliant and reduce tax liabilities.
For hassle-free corporate tax filing, consult GTS Consultant today!
