Online company registration in India offers various tax benefits to businesses, making it an attractive option for entrepreneurs.
Income Tax Deductions: Registered companies can claim legitimate business expenses as deductions while calculating their taxable income.
Tax Rebates and Incentives: Certain industries and sectors receive tax rebates and incentives from the government to promote growth and investment.
Input Tax Credit (ITC): Companies registered under GST can avail of ITC, which allows them to offset the tax paid on inputs against their final tax liability.
Exemption from Minimum Alternate Tax (MAT): Startups and newly incorporated companies may avail MAT exemption for a certain period, boosting their profitability.
In conclusion, online company registration in India opens the door to numerous tax benefits, ensuring businesses can optimize their tax liabilities and retain more profits for growth and expansion.