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Corporate Tax
Corporate tax is a mandatory levy imposed by the government on the profits earned by companies. It serves as a critical revenue stream for national development. In India, corporate taxation is governed by the Income Tax Act, 1961, which outlines the legal framework for computing and collecting taxes from both domestic and foreign companies.
For domestic companies, global income is taxable, meaning all income earned—whether in India or abroad—is subject to tax under Indian laws. In contrast, foreign companies are taxed only on income that is accrued or received within India.
The computation of corporate tax begins with calculating a company’s net operating income, which involves deducting allowable business expenses such as the cost of goods sold (COGS), operational costs, and depreciation from total revenue. The resulting profit is then taxed at the applicable rate prescribed under Indian tax laws, creating a statutory liability.
If you're a business seeking professional assistance in understanding, planning, or filing your corporate taxes, KKReddy & Associates stands out as a top corporate tax consultant in Hyderabad, Telangana. With in-depth expertise, up-to-date knowledge of tax laws, and a client-first approach, we help businesses remain compliant, efficient, and tax-optimized.
Whether you’re a start-up, MSME, or multinational operating in India, trust KKReddy to provide tailored corporate tax solutions that meet your specific business needs.
