How To Get Around Indian Taxation

In India, there are several taxes that small businesses may be responsible for, including:

Income Tax: All businesses in India are required to pay income tax on their profits. The tax rate varies depending on the type of business and the amount of income earned.
Goods and Services Tax (GST): GST is a value-added tax that is levied on the supply of goods and services. It is applicable to most businesses in India and the rate varies depending on the type of goods or services being sold.
TDS (Tax Deducted at Source): If your business pays salaries to employees or makes certain types of payments, it may be required to deduct TDS and deposit it with the government.
Professional Tax: Certain states in India require businesses to pay a professional tax on their employees.
Service Tax: Service tax is applicable to businesses that provide taxable services.
Excise Duty: Excise duty is applicable to manufacturers of certain types of goods, such as alcohol and tobacco.

Staying compliant with tax laws can help you avoid penalties and fines.