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Taxes on led bulb manufacturing business
06-Sep-2023 (In Startup Law)
I am establishing a led bulb manufacturing business in madhyapradesh. Please provide me the details about the taxes on this business what type of taxes i need to pay. I'll already pay the excise duty to supplier.
Sir,
Congratulations on your new set up. As far as i can see and predict, you will be imposed following kinds of taxes:-
1. Excise duty,which as per you had already paid.
2. Corporate taxes at times of audits and return filings with roc.
3. Local taxes of mp levied at time to time.
4. Income tax which is mandatory for all business kinds.
5. Such other items treatment liked tds, pf,epf etc.
I hope this will help in your tax planning.
Thanks.
Congratulations on your new set up. As far as i can see and predict, you will be imposed following kinds of taxes:-
1. Excise duty,which as per you had already paid.
2. Corporate taxes at times of audits and return filings with roc.
3. Local taxes of mp levied at time to time.
4. Income tax which is mandatory for all business kinds.
5. Such other items treatment liked tds, pf,epf etc.
I hope this will help in your tax planning.
Thanks.
Helpful?
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Adv. Sudhanshu Dixit
Indore | 25+ Answers
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