Private company

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 October 2012 What can be a good tax planning option for a private limited company?

It cannot show salary expenses as it will require PF, ESI etc.

It has not rental place.

What can be done in these type of cases as the tax liability comes upto 50% (including DDT and Income Tax.

CA Suresh Jain

CA Suresh Jain (Expert)
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02 October 2012 You must pay salary to all working Directors as there will be no PF and ESI as their salary shall be above the limit. You can also reimburse to them their travel, conveyance, expenses etc. You can explore the possibility of paying commission or consultancy to the Director.

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