Private Limited Company

What Is a Private Limited Company?

• Easy My Tax Company will be a separate legal entity.
• Shareholders have limited liability — they only lose what they invest.
• Requires minimum 2 directors and 2 shareholders.
• Company name must end with “Private Limited”.

Why Choose Easy My Tax Company as a Private Limited Company?

• Your personal assets are protected from company debts.
• Helps to raise money by selling shares.
• Company pays tax on profits — separate from personal tax.
• The company can own property and open bank accounts in its name.
• Easier to get loans or investments.
• Good credibility with customers and banks.

Key Tax Benefits for Easy My Tax Company

• Profits are taxed at the company tax rate, often lower than personal rates.
• You can pay yourself a salary as a director, which is a business expense reducing company profit.
• Company expenses are deductible, reducing taxable income.
• Eligible for tax deductions and exemptions under Indian tax laws.

Important Things to Remember for Easy Tax Filing of Easy My Tax Company

• Keep proper books of accounts and financial records.
• File annual returns and financial statements with the Registrar of Companies (ROC).
• File your income tax returns on time for Easy My Tax Company.
• Maintain records of board meetings and shareholder meetings.
• Deduct TDS (Tax Deducted at Source) on payments like salaries, contractor fees, rent, etc., if applicable.
• Register for GST if turnover exceeds the threshold, and file GST returns regularly.

Basic Documents Needed to Register Easy My Tax Company

• Proof of identity and address for directors/shareholders (PAN, Aadhaar, Passport).
• Proof of registered office (rental agreement + NOC or ownership documents + utility bill).
• Digital Signature Certificates (DSC) for directors.
• Director Identification Number (DIN).
• Memorandum and Articles of Association (MOA & AOA).

Step-by-Step Registration Process for Easy My Tax Company

1. Get Digital Signatures (DSC) for directors and shareholders.
2. Apply for DIN for directors.
3. Reserve Company Name as Easy My Tax Company Private Limited using SPICe+ form.
4. Submit incorporation documents and pay fees.
5. Receive Certificate of Incorporation with Company Identification Number (CIN).

Timeline

• Usually takes 7-10 working days after document submission.

After Registration of Easy My Tax Company

• Open a bank account in company name.
• Register for PAN and TAN (Tax accounts).
• Register for GST, EPFO, and ESIC if applicable.
• File annual income tax returns and ROC compliance on time.

Tips to Keep Your Easy My Tax Company Taxes Simple

• Maintain clear, organized financial records.
• Separate personal and business expenses strictly.
• Hire a good accountant or use accounting software.
• Pay yourself a salary to reduce company profit and personal tax burden.
• Plan for advance tax payments if needed.
• Use professional help for annual audit and tax filing.