Tax for private limited company

Hello Harshal,

You have not clearly mentioned  the details of Tax Registrations etc.

Note That:

 TDS is to be deducted based on the Services / Contracts provided by the Vendors to you as per prescribed limit applicable. (NOte that you should have TAN number to deduct the TDS)

 Income Tax is to be payable based on the Profits earned by the organisation

 Professional Tax registration needs to be done and the amount may varies from State to State.Please refer Maharashtra present PT Slab and Employers also need to remit Annual Fees to the Professional Tax Dept.

 If you are providing software services to clients you need to check about the applicability of Service Tax Also based on your previous year and current year turnover.

Thanks.

  In Karnataka VAT is applicable on software products and soft ware servicing.Please mention your state...MJK