This Article explains how to save tax in a private limited company. It explains various legally permissible ways in which you end up saving a lot of income tax. Company is an artificial person created by law. it is clothed with many rights, obligations, powers and duties prescribed by law.
What is a Private limited company:
A Private limited company is formed lawfully with limited liability or legal protection for its shareholders but that places restrictions on its ownership. Amongst many obligations, paying tax is one of the main obligations of a company.
That is true that we can not and must not avoid tax payments, but yes certain tax planning steps can be taken with an objective of getting some extra monetary benefits.
Read more on: https://taxguru.in/income-tax/save-tax-private-limited-company.html
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